Malone corp. properly recognizes revenue upon completion of a long-term construction project. malone has the following information for a 3-year contract. year 1 year 2 year 3 billings on contracts 10,000 10,000 30,000 construction costs 8,000 8,000 8,000 the journal entry required at the end of the contract to recognize revenue and expenses will include (select all that apply.) credit revenue from contracts $50,000.