A company began work in 2020 on a contract for $7,800. Other data are as follows:

2020 2021

Costs incurred to date $3,000 $5,600

Estimated costs to complete 2,000

Billings to date 4,400 7,800

Collections to date 2,000 4,800

If the company uses the percentage-of-completion method, for the journal entry that records construction revenue, construction expense, and gross profit for 2020, how much will be recorded for Construction in Process?