ADH constructed a new subdivision during 2012 and 2013 under contract with Cactus Development Co. Relevant data are summarized below: ADH uses the completed contract method to recognize revenue. For 2012, what is the journal entry to record revenue? Accounts receivable 1,500,000 Revenue for long-term contracts 1,500,000 Accounts receivable 2.300.000 Gross profit 800.000 Revenue for long-term contracts 1.500.000 Construction in progress 800.000 Cost of construction 1, 200.000 Revenue for long-term contracts 2,000.000