Please try to keep the same formats. i tried putting some answers in; if they're wrong please adjust. thanks!

Required: A. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. [Format for gross profit schedule is provided.] B. Prepare all necessary journal entries for 2021, 2022, and 2023. Format for journal entries provided.] C. Post all amounts to be entered into the 'Accounts Receivable', 'Construction in Process' and 'Billings on Construction in Process' accounts for all three years. ['T'account formats provided.] D. Prepare the closing entry for the contract. [Record with journal entries.] E. Show accounts and amounts that would appear in the Income Statement and Balance Sheet for 2022. [Formats for partial statements provided.] Practice Information: During 2021, Wilcox Company started a construction job with a contract price of $1,000,000. The job was completed in 2023. The following information is available Costs incurred to date Estimated costs to complete Billings to date Collections to date 2021 2022 2023 $ 280,000 $ 320,000 $ 800,000 420,000 320,000 800,000 350,000 550,000 1,000,000 250,000 500,000 950,000 A. Gross profit recognized 2021 2022 2023 Contract price 1,620,000.0 Costs: Costs to date Estimated cost to complete Total estimated cost $280,000 420,000 700,000 Total estimated profit 920,000 $ X Percentage completed to date Total gross profit recognized 280,000 640,000 XXXX Less: Gross profit from previous years Gross profit recognized in current year XXXX - Show calculations of Gross Profit percentages for each year 2021 Percentage to date 2022 Percentage to date 2023 Percentage to date B. General Journal C. General Ledger Date Accounts Debit Credit Construction in Process Billings on Construction in Proce 2021 Construction in Proceso Materials, Cash, Payables Accounts Receivable Billings on Construction Cash Accounts Receivable Construction Expense Construction in Process Revenue from Long-Term Contract 2022 Construction in Process Materials, Cash, Payables Accounts Receivable Accounts Reccivable Billings on Construction Cash Accounts Reccivable Construction Expense Construction in Process Revenue from Long-Term Contract 2033 Construction in Procede Materials, Cach, Payables Accounts Receivable Billings on Construction Cash Accounts Receivable Construction Expanse Construction in Process Revenue from Long-Term Contract D. 2033 E. Wilcox Company Income Statement For the Year Ending 2022 Wilcox Company Balance Sheet December, 2022 XXXX Revenue from Long-Term Contract Cost of Construction Gross Profit Current Assets Accounts receivable XXXX XXXX XXXX Inventory Construction in Process Less: Billings XXXX XXXX Cost and recognized profit in excess of billings XXXX