rizona Desert Homes $($ADH$)$ constructed a new subdivision during $2023$ and $2024$ under contract with Cactus Development Company. Relevant data are summarized below:

Contract amount $ $3,000,000$

Cost: $20231,200,000$

$2024600,000$

Gross profit: $2023800,000$

$2024400,000$

Contract billings: $20231,500,000$

$20241,500,000$

ADH recognizes revenue over time with respect to these contracts.

What would be the journal entry made in $2023$ to record revenue?