In February $2018,$ X$-$cell Inc. began construction on a commercial building for EastCo which had a contract price of $$2,400,000.$ The construction is scheduled to be completed in May $2020.$ Contract

information for all three years is given below at the company's December $31$ year$-$end.

Calculate the amount of gross profit to be recognized each year using the percentage$-$of$-$completion method.

Using the percentage$-$of$-$completion method, fill in the incomplete journal entries for X$-$cell Inc. Please make sure your final answer$($s$)$ are accurate to the nearest whole number.