12 Part 3 of 5 10 points 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 2021 $2,550,000 Estimated costs to complete as of year-end 5,950,000 eBook Billings during the year 2,050,000 Cash collections during the year 1,825,000 2022 $4,250,000 1,700,000 4,750,000 3,200,000 4,100,000 4,075,000 2023 $1,870,000 0 Print 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 the contract. (Do not round intermediate calculations.) Balance Sheet (Partial) Current assets: Accounts receivable Construction in progress Less: Billings Costs and profit in excess of billings Current liabilities: 2021 2022 0 0 $ 0