In 2018, the West $10,000,000. gate Construction Company entered into a contract to construct a road for Santa Clara County for The road was completed in 2020. Information related to the contract is as follows: 2020 2018 2,542,000 $3,772,000 $2,074,600 5, 658,000 1,886,000 2,020,000 4,294,000 3,686,000 1,810,000 3,800,000 4,390,000 2019 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. Required: 1. Calculate the amount of revenue and gross profit (oss) 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)