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Seavis Construction Company was the low blader on a construction project to build an earthen dam for $1,790,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below: Costs Sacred during the year Billings during the year Collection during the year 2021 $390,000 $1,090,000 910.000 0 500,000 1,290,000 400,000 1,390,000 Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required Prepare all journal entries to record costs, bilings, collections, and profit recognition. (If no entry is required for a transaction event, select "No journal entry required in the first account field.) Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition. (If no entry is require transaction/event, select "No journal entry required" In the first account field.) . View transaction list Journal entry worksheet > 6 7 6 8 9 4