1 Required information [The following information applies to the questions displayed below! 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: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 52,400,00 5,600,000 2,000,000 1,500.00 $2,200,00 2023 $3,600,eee 2,000,000 4,000,000 3,600,000 4.000,00 4,500,000 Westgate recognizes revenue over time according to percentage of completion, 2-a. In the journal below, complete the necessary journal entries for the year 2021 credit Various accounts for construction costs incurred) 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2.c. In the journal below.complete the necessary joumal entries for the year 2023 credit Various accounts for construction costs incurred) Complete this question by entering your answers in the tabs below. Reg 2 Reg 28 Reg 20 Tn the journal below, complete the necessary journal entries for the year 2021 (credit Various accounts for contraction costs incurred) If no entry is required for a transaction event, select Journal entry required in the first account fel View transactionist Journal entry worksheet 1 Required information [The following information applies to the questions displayed below! 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: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 52,400,00 5,600,000 2,000,000 1,500.00 $2,200,00 2023 $3,600,eee 2,000,000 4,000,000 3,600,000 4.000,00 4,500,000 Westgate recognizes revenue over time according to percentage of completion, 2-a. In the journal below, complete the necessary journal entries for the year 2021 credit Various accounts for construction costs incurred) 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2.c. In the journal below.complete the necessary joumal entries for the year 2023 credit Various accounts for construction costs incurred) Complete this question by entering your answers in the tabs below. Reg 2 Reg 28 Reg 20 Tn the journal below, complete the necessary journal entries for the year 2021 (credit Various accounts for contraction costs incurred) If no entry is required for a transaction event, select Journal entry required in the first account fel View transactionist Journal entry worksheet