Wildhorse Enterprises Ltd. has entered into a contract beginning in February 2020 to build two warehouses for Atlantis Structures Ltd. The contract is a non-cancellable fixed price contract for $10.2 million. The following data pertain to the construction period. 2020 2021 2022 $3,690,000 4.510,000 1,700,000 4,510,000 1,800,000 -0- Costs for the year Estimated costs to complete Progress billings for the year (non-refundable) Cash collected for the year 3,365,000 3,935,000 2,900,000 2,965,000 3,985,000 3,250,000 What is the balance in the Contract Asset/Liability account at December 31, 2020 and 2021? December 31, 2020 December 31, 2021 Balance in the Contract Asset/Liability account $ Show how the construction contract would be reported on the SFP and the income statement for the year ended December 31, 2021. (List Current assets in order of liquidity. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g.(45)) WILDHORSE ENTERPRISES LTD. Partial Statement of Financial Position December 31, 2021 Total Assets $ WILDHORSE ENTERPRISES LTD. Partial Income Statement Year Ended December 31, 2021 Net Income /(Loss)