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: 2019 $2,542,000 $3,772,000 $2,074,600 1,886,000 2020 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 5,658,000 2,020,000 1,810,000 4,294,000 3,686,000 4, 390,000 3,800,000 3. Complete the information required below to prepare a partial balance sheet for 2018 and 2019 showing any items related to the contract. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. 2018 2019 $3,810,000 2020 $3,210,000 Cost incurred during the year Estimated costs to complete as of year-end $2,542,000 5,658,00e 3,110,000 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. 2018 2020 Cost incurred during the year Estimated costs to complete as of year-end 2019 $2,542,000 $3,810,000 $3,930,000 4,120,000 5,658,000 Req 1 Req 2A Req 2B Req 2C Req 3 Req 4 Req 5 Complete the information required below to prepare a partial balance sheet for 2018 and 2019 showing any items related to the contract. (Do not round intermediate calculations.) Balance Sheet (Partial) 2018 2019 Current assets Current liabilities Req 2C Req 4 Req 1 Req 2A Req 2B Req 2C Req 3 Req 4 Req 5 Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.) 2018 2019 2020 Revenue Gross profit (loss) Req 3