In $2022,$ Sunland Construction Compary Ltd$.$ applied the completed$-$contract method of accounting for long$-$term construction contracts. However, in $2023,$ Sunland discovered that the percentage$-$of$-$completion method should have been applied instead. For tax purposes, the company uses the completed$-$contract method and will continue this approach in the future. Sunland follows ASPE, and will apply the percentage$-$of$-$completion method in $2023$ and in the future. Sunland applies the deferred tawes method of accounting for income tawes, and is subject to a tax rate of $\backslash (30\backslash \%\backslash ).$ The appropriate information related to this change is as follows: $($a$)$ Your answer is correct. Calculate the net income to be reported in $2023.$ Netincome $\backslash$$ eTextbook and Media List of Accounts $($b$)$ Provide the necessary entry in $2023$ to adjust the accounting records with respect to the revenue recognition method applied in $2022($List all debit entries before credit entries. Credit account tities are qutomatically indented when the amount is entered. Do not indent manually. If no entry is required, seiect $"$No Entry" for the account tities and enter O for the amounts.$)$ Account Titles and Explanation $\backslash [7\backslash ]$