Are these right? Can you also check the calculation process?

In 2020, Carla Vista Contractors began construction on an office building. The building was expected to cost $47,710,000 in total, and was expected to be completed in early 2022. The customer was to pay Carla Vista $50,580,000 for the building. Carla Vista was able to use percentage-of-completion accounting for the project, and at the end of 2020 had accumulated $11,927,500 in cost. Carla Vista estimated that the costs to complete the construction were in line with the original expected total costs. During 2021, there was a lumber shortage, a strike by construction workers, and various other incidents that dramatically raised costs in the construction industry. As a result, at the end of 2021, Carla Vista estimated that the office building would cost $4,130,000 in total. To the end of 2021, Carla Vista had spent $39,398,400 on constructing the office building. Calculate the revenue to be recognized by Carla Vista for the 2021 fiscal year. Revenue to be recognized $ 25795800 Prepare the journal entry to record revenue, construction expenses. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Construction Expenses 277773300 Contract Asset/Liability 1977500 Revenue from Long-Term Contracts 25795800 2020 2021 50580000 50580000 11927500 39398400 Estimated total revenue Costs incurred to date Estimated costs to complete Estimated total costs Estimated Total gross Profit 47710000 51840000 2870000 -1260000 Percent Complete 0.25 0.76 Revenue to be recognized to date 12645000 38440800 Current Period Revenue 12645000 25795800 Current Period Construction Expense 11927500 27773300 Current Period Gross Profit 717500 -1977500