Whispering Construction Company uses the percentage-of-completion method of accounting. In 2020, Whispering began work under contract #E2-D2, which provided for a contract price of $2,219,000. Other details follow: Costs incurred during the year Estimated costs to complete, as of December 31 Billings during the year 2020 2021 $620.490 $1,429,000 970,510 -0- 428,000 2.219.000 350,000 1.471.000 Collections during the year (a) What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ Revenue recognized in 2021 $ (b) Assuming the same facts as those above except that Whispering uses the completed-contract method of accounting what portion of the total contract price would be recognized as revenue in 2021? Revenue recognized in 2021 $ List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above