Current Attempt in Progress Sandhill Construction Company began work on a $420,000 construction contract in 2020. During 2020, Sandhill incurred costs of $262,000, billed its customer for $209,500, and collected $170,500. At December 31, 2020, the estimated additional costs to complete the project total $160,240. Prepare Sandhill's journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the completed-contract 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 O for the amounts. Round answers to O decimal places, e.g. 5,275.) No. Account Titles and Explanation Debit Credit (a)