Calculate the amount of gross profit to be recognized each year, assuming the completed-contract method is used. (Do not leme any answer field blank. Enter 0 for amounts. Enter negative amounts using either a negative sign preceding the number es. 45 or parentheses eg. (45)J Prepare all necessary journal entries for 2024. (Use Materials, Cash, Payables for costs incurred to date.) (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 tilles a Eurrent Attempt in Progress During 2023, Blossom Company started a construction job with a contract price of $1,536,000. The job was completed in 2025 . The following information is available. The contract is non-cancellable