In 2018, 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 2020. Information related to the contract is as follows:

	2018				2019				2020
Cost incurred during the year	$	3,600,000			$	4,050,000			$	1,485,000
Estimated costs to complete as of year-end		5,400,000				1,350,000				0
Billings during the year		3,000,000				4,650,000				2,350,000
Cash collections during the year		2,800,000				4,600,000				2,600,000

Westgate Construction uses the completed contract method of accounting for long-term construction contracts. Required:

1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2-a. In the journal below, complete the necessary journal entries for the year 2018 (credit "Various accounts" for construction costs incurred). 2-b. In the journal below, complete the necessary journal entries for the year 2019 (credit "Various accounts" for construction costs incurred). 2-c. In the journal below, complete the necessary journal entries for the year 2020 (credit "Various accounts" for construction costs incurred).