Willow Co. was contracted to construct a building for $20,000,000. Construction data are: Costs incurred during the year Estimated costs to complete 2023 2024 $3,500,000 $2,750,000 2,500,000 The company uses the percentage-of-completion method. Instructions (a) How much revenue should be reported for 2023? Show your calculation. (b) Prepare the entry to record progress billings of $8,800,000 during 2023. (c) Prepare the entry to record the revenue and gross profit for 2023. (d) How much gross profit should be reported for 2024? Show your calculation.