Chapter 06 10 9 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 Cast incurred during the year 2003 $2,103,000 $2,347,000 $3,040,200 Estimated costs to complete as of year-and Billings ring the year Cash collections during the year 2,990,000 Westgate recognizes revenue over time according to percentage of completion 5,255,00 5. Caculate the amount of revenue and gross profit poss) to be recognized in each of the three years assuming the following costs incured and costs to complete information (Do not round intermediate calculations and round your final answers to the nearest whole doller amount. Loss amounts should be Indicated with a minus sign) Costs incurred during the year Estimated costs to complete afya Gross po 2139 2022 2021