In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara e road was completed in 2020 Information related to the contract is as of 5 follows: 2019 2020 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year $2,490,000 $3,984,000 $2,008,6e0 5,810,000 1,826,e00e 2,030,000 4,444,000 3,526,000 1,815,000 3,9,e00 4,285,008 ook Westgate recognizes revenue over time according to percentage of completion ences Problem 5-10 Part 5 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 colculations and round your final nswers to the nearest whole doller amount. Loss amounts should be indiceted with a minus sign.) 2019 52,490,e80 $3,815,000 $3,945,080 2018 2020 Cost incurred during the year Estimated costs to complete as of year- ,ae,eeo 4,130,o end Gross profit loss)