8.33 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: 8 00:20:11 2021 $2,059,800 5,841,800 2,190,00 1,895,00 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2022 $2,627,000 2,414,000 2,496,080 2,400,000 2023 $2,655,400 @ 5,314, eee 5,705, eee eBook References Westgate recognizes revenue over time according to percentage of completion. Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round Intermediate calculations. Loss amounts should be Indicated with a minus slgn.) 2021 2022 2023 Revenue Gross profit (loss)