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: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.

Complete the information required below to prepare a partial balance sheet for $2024$ and $2025$ showing any items related to the contract.

Note: Do not round intermediate calculations.

$202420252026$

Cost incurred during the year $ $2,604,000$ $ $4,032,000$ $ $1,940,400$

Estimated costs to complete as of year$-$end $5,796,0001,764,0000$

Billings during the year $2,040,0004,596,0003,364,000$

Cash collections during the year $1,820,0004,000,0004,180,000$

Westgate recognizes revenue over time according to percentage of completion.

$3.$ Complete the information required below to prepare a partial balance sheet for $2024$ and $2025$ showing any items related to the contract