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Check my work Required information (The following information applies to the questions displayed below.) In 2018, the Westgate Construction Company entered into a contract to

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Check my work Required information (The following information applies to the questions displayed below.) In 2018, 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 2020. Information related to the contract is as follows: 2020 $2,890,800 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2018 $ 2,044,000 5,256,000 2,170,000 1,885,000 2019 $2,628,000 2,628,000 2,502,000 2,600,000 5,328,000 5,515,000 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 sign.) 2018 2019 2020 Revenue Gross profit (loss)

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