In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10.000.000. The road was completed in 2023. Information related to the contract is as follows: 2023 $3,649, 280 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,581, e80 6,319,800 2,090, see 1,845, eee 2022 $2,347,eee 2,772,eee 2,838,00 2,990, eee 5,072,eee 5,255, eee Westgate recognizes revenue over time according to percentage of completion. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round Intermedlate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be Indicated with a minus slgn.) Costs incurred during the year Estimated costs to complete as of year-end 2021 $ $2,581, eee 6,319, eee 2022 2023 $3,845,00 $3,245,000 3,145,000 2 2021 2022 2023 Revenue Gross profit (loss)