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

Westgate recognizes revenue over time according to percentage of completion.

Problem $6-10($Algo$)$ Part $1$

Required:

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.$)$ Please help me to figure out the rest of this answer. Thank you.