5 2020 2019 $2,400,0e $3,680,000 $2,200,e00 2018 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 5,600,000 2,000,60e 2,000,000 4,000,800 4,800,000 1,800,000 3,600, 4,600,000 Part 5 of 5 Westgate recognizes revenue over time according to percentage of completion. points Problem 5-10 Part 5 eBlook Pin References 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.) 2019 2020 Cost incurred during the year Estinated costs to complete as of year-end $2,400,000 $3,809,800 $3,900,000 4,100,800 5,600,000 Gross proft (oss)