Waterway Construction Company uses the percentage-of-completion method of accounting. In 2020, Waterway began work under contract with a contract price of $1,630,000. Other details follow: Costs incurred to date Estimated costs to complete, as of December 31 Billings to date Collections to date 2020 2021 $1.064.000 $1,500,000 456,000 -O- 884,000 1,630,000 270,000 1.630,000 Prepare a complete set of journal entries for 2020 (using the percentage-of-completion method). (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. For costs incurred use account Materials. Cash Payables) Account Titles and Explanation Debit Credit (To record cost of construction.) (To record progress bilings.) (To record collections.) 13.33/ 20 (To record progress billings.) | (To record collections.) (To recognize revenue.) e Textbook and Media Solution List of Accounts Save for Later Attempts:0 of 5 used Subunit