Zera Construction Company ("ZCC") started business in 2021 and accepted its first contract to construct a building for $2.3 million, starting March 1, 2021. The planned completion date is December 2023. ZCC uses the percentage-of-completion method of accounting for long-term contracts. Percentage-of-completion is measured based on total costs incurred compared to total estimated construction costs. Calculate all percentage calculations to a minimum of two decimal places (e.g. 12.34%). ZCC uses ASPE and its year-end is December 31. Certain data related to the contract are summarized below: December 31, 2021 December 31, 2022 Costs incurred during the year D $330,000 $370,000 Estimated remaining costs to complete $ 1,170,000 Progress billings to date $ 295,000 Cash collections during the year $ 230,000 $900,000 $ 657,000 $ 351,000 Assume the journal entries for 2021 have already been properly recorded. Using a well-formatted TABLE in your answer, prepare the journal entry or entries that should be recorded for the year ended December 31, 2022. Show your work.