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Question 3 (16 points) ca pred pH' by the cenowe 1, 2000, and we wted on Oct 31, 2017 8 Como concreto de 11 12 Progres Ildings to die Card Collect du the year 2070 S180 000 0.000 163.000 140.000 HO TAX 0 CO 000 14 15 7 18 Required: (Percentage calculations should be taken to 2 decimal places fie. 12 31%. Round calculations to the nearest whole dollar) 1. Prepare the journal entries that should be recorded for 2021. Assume that all of the 2020 ye entries have been properly recorded 2. What should be the balance of Accounts Receivable at December 31, 20217 If the estimated remaining costs to complete were $805,000, instead of 5630,000, as of December 31, 2020, answer the following questions a. How much revenue should be reported by RCL for 2020? b. How much income (loss) before income taxes should be reported by RCL for 20207 21 Question 3 (16 points) ca pred pH' by the cenowe 1, 2000, and we wted on Oct 31, 2017 8 Como concreto de 11 12 Progres Ildings to die Card Collect du the year 2070 S180 000 0.000 163.000 140.000 HO TAX 0 CO 000 14 15 7 18 Required: (Percentage calculations should be taken to 2 decimal places fie. 12 31%. Round calculations to the nearest whole dollar) 1. Prepare the journal entries that should be recorded for 2021. Assume that all of the 2020 ye entries have been properly recorded 2. What should be the balance of Accounts Receivable at December 31, 20217 If the estimated remaining costs to complete were $805,000, instead of 5630,000, as of December 31, 2020, answer the following questions a. How much revenue should be reported by RCL for 2020? b. How much income (loss) before income taxes should be reported by RCL for 20207 21