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$10,000000 The roid wat consisted in 2026 information related to the contract is as fotiows Westgate tecognites revente over time according to petcertage of completion

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$10,000000 The roid wat consisted in 2026 information related to the contract is as fotiows Westgate tecognites revente over time according to petcertage of completion 4. Colculate the amount of cevenwe and gross profit fosst to be fecognized in each of the three yearh, assuming the fallowing costs insurred and costs to complate miformation Note: Do not round intermediate calculetions and round your finel answers to the nearest whole doller amount. Loss amounts should be indicated with a minus sign. [The fodoiving wiformation apples to the qteestionis displeyod betow] In 202.4, the Westgate Construction Company entered into a contract to consiruct a road for Santa Clara County for $10000000. The road was completed in 2026 informotion related to the contract is 0 follows: Westgate recognizes revenue over time according to percentege of completion: 4. Caicalate the amount of itwence and gross frofit fost) to be recognzed in cach of the three years assuming the followng costs Intevired end costs to coinphete information Note: Do not round intermediate calculations and round your final answers to the nearest whole dollor amount. Loss amounts thould be inciceted with a ninus sign

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