Qucstion 5(11 points) Peking Construction entered into a construction contract on March 1, 2023 to build a factory. The total contract price was $15 million. The factory was completed on Docember 31,2025 . entries are unc amount of revenie to be recognized on this contract in each year. Journal entries are not required! 5040000 (1p. 1260000 contrition Rat 6300000 Determine the amount of expense to be recognized on this contract in 2023. Journal entries are not required! Determine the amount of loss to be recognized on this contract in 2024 and 2025. Journal entries are not required