During $2021$ Williams started a construction job with a contract price of $\backslash (\backslash$$ $2,500,000\backslash ).$ The job was completed in $2023.$ The following information is available $($a$)$ Compute the amount of gross profit to be recognized each year assuming the percentage$-$of completion method is used. $($b$)$ Prepare all necessary journal entries for $2021.($c$)$ Compute the amount of gross profit to be recognized each year, assuming the completed$-$contract method is used.Estimated costs to completePercentage com$-$pleted to dateLess: Gross profit recognized in previous yearsGross profit recognized in current year