HELP me with PART C:

During 2020, Oriole Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date Estimated costs to complete Billings to date Collections to date $410,000 590,000 297,000 272,000 $754,800 355,200 899,000 818,000 $1,067,000 -0- 1,610,000 1,437,000 (a) Your answer is correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2020 $ 250,100 Gross profit recognized in 2021 $ 89,900 Gross profit recognized in 2022 $ 203,000 (b) Your answer is correct. Prepare all necessary journal entries for 2021. (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. For costs incurred use account Materials, Cash, Payables.) Account Titles and Explanation Debit Credit Construction in Process 344,800 Materials, Cash, Payables 344,800 (To record cost of construction.) Accounts Receivable 602,000 Billings on Construction in Process 602,000 (To record progress billings.) Cash 546,000 Accounts Receivable 546,000 (To record collections.) Construction Expenses 344,800 Construction in Process 89,900 Revenue from Long-Term Contracts 434,700 (To recognize revenue.) (c) Your answer is partially correct. Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used. 2020 2021 2022 Gross profit 543,000 543,000 $ 543,000