I JUST NEED HELP SOLVING GROSS PROFIT (LOSS) FOR 2022 AND 2023 EVERYTHING ELSE IS RIGHT.

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 $ 2,624,000 5,576,000 2,200,000 2,000,000 2022 $3,690,000 1,886,000 4,114,000 3,800,000 2023 $ 2,074,600 0 3,686,000 4,200,000 Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. 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. Cost incurred during the year Estimated costs to complete as of year-end 2021 $2,420,000 5,620,000 2022 $3,810,000 4,120,000 2023 $3,930,000 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Reg 20 Req 3 Req 4 Req 5 Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.) 2021 2022 2023 Revenue $ 0 $ 0 $ 10,000,000 1,611,400 Gross profit (loss) $ 0 $ 6,314,000 $