2. (8 points) In 2024 , 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 2026 . Information related to the contract is as follows: Westgate recognizes revenue over tme accordng to percentage ot completon. Prepare all journal entries necessary to reflect the billings, collections, and revenue recognition for all three years. Also, record the entry to dose out the CIP and Billings accounts at the end of the contract in 2026