In $2024,$ 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 $2026.$ Information related to the

contract is as follows:

Required:

Calculate the amount of revenue and gross profit $($loss$)$ to be recognized in each of the three years.

Note: Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.