During 2023, Carla Vista Corporation started a construction job with a contract price of $3.36 million. Carla vista ran into severe technical difficulties during construction but managed to complete the job in 2025. The contract is non cancellable. Under the terms of the contract, Carla Vista sends billings as revenues are earned. Billings are non-refundable. The following information is available: (a) Calculate the amount of gross profit that should ber recognesed each year under the percentage of-completion inethod fEnter Prepare the year-end journal entries for 2024 to record revenues and expenses from the contract, assuming the percentag completion method is used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)