View Policies Current Attempt in Progress At the beginning of 2020, Sunland Construction Company changed from the completed-contract method to recognizing revenue over time (percentage-of-completion) for financial reporting purposes. The company will continue to use the completed-contract method for tax purposes. For years prior to 2020, pretax income under the two methods was as follows: percentage-of-completion $112,000, and completed-contract $67,200. The tax rate is 20%. Prepare Sunland's 2020 journal entry to record the change in accounting principle. (Credit account titles are automatically ixdented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media