7 Pent of 10 Required information (The following information apples 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 Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 2022 2023 2,50,000 $2,347,000 $3,045,200 6,319,000 2,771,000 2,050,000 5,072,000 2,900,000 5,255,000 Westgate recognizes revenue over time according to pescentage of completion 3. Complete the unformation required below to prepare a partial balance sheet for 2021 and 2022 showing any fems related to the contract (Do not round intermediate calculations) Cuments Current states SheetPart 2021 2022