10 Part 35 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: 10 Dorm P Cost incurred during the year Estimated costs to complete as of year-end willings during the year Cash collections during the year 2021 $2,342,000 2022 1,772,000 2023 $2,074,100 5,658,000 1,086,000 2,020,000 4,294,000 1,810,000 3,000,000 Westgate recognizes revenue over time according to percentage of completion. 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract (Do not round intermediate calculations.) Balance Sheet (Partial Comment assets Construction in progress Curb 2021 $3,772,000 0 2022 $ 4,294,000