10 Part 3 of 5 10 points eBook Print You received no credit for this question in the previous attempt 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 2021 2022 $2,542,000 $3,772,000 5,658,000 1,886,000 2,020,000 4,294,000 3,686,000 1,810,000 3,800,000 4,390,000 2023 $2,074,600 Cash collections during the year Westgate recognizes revenue over time according to percentage of completion. References 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to them contract. (Do not round intermediate calculations.) Balance Sheet (Partial) Current assets: Construction in progress Current liabilities: 2021 $3,772,000 0 2022 $ 4,294,000 0