Concord Builders contracted to build a high-rise for $27.300.000. Construction began in 2021 and is expected to be completed in 2023. Data for 2021 and 2022 are: 2022 2021 Costs incurred to date $3,530,000 Estimated costs to complete 14,120,000 $10,036.000 9,264,000 Concord uses the percentage-of-completion method. How much gross profit should be reported for 2021? Gross profit $ How much gross profit should be reported for 2022? Gross profit $ Make the journal entry to record the revenue and gross profit for 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Account Titles and explanation Debit Credit Construction in Process Construction Expenses Revenue from Long Term Contracts