Wexler Construction Company has contracted to build an office building. The construction is scheduled to begin on 3/1/22, and the estimated time of completion is 7/1/25. The building cost is estimated to be $20,000,000 and will be billed at $26,000,000. The following data relate to the construction period. 2022 2023 2024 2025 Costs to date Estimated cost to complet Progress billings to date Cash collected to date $6,000,000 $11,000,000 $16,000,000 $20,350,000 14,000,000 9,000,000 4,350,000 4,000,000 10,000,000 19,000,000 26,000,000 3,000,000 8,000,000 18,000,000 26,000,000 -0- Required: a. Compute the estimated revenue and gross profit for 2022, 2023, 2024 and 2025 assuming that the percentage--of-completion method is used. b. Prepare the necessary journal entries for XYZ for the years 2024 and 2025.