Thibodeau Contractors Inc. agreed to construct a building for $400,000. Construction commenced in 2018 and was completed in 2020. Data relatin (Click the icon to view the contract data.) Required a. For each of the three years, determine the following amounts relating to the above contract revenue, expenses, gross profit, accounts receival b. Record the journal entries using T-accounts contract: revenue, expenses, gross profit. (Round the percent complete to two decimal places, XXX%. Round your final answers Contract data 2018 2019 2020 Costs incurred during the year $ 102,700 $ 164,620 $ 107,680 Estimated costs to complete 222,300 60,680 Billings during year 88,000 160,000 152,000 Collections during year 78,000 158,000 164,000 Estimated profit on contract Print Done