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	$	2,580,000		$	4,042,000		$	2,175,800
Estimated costs to complete as of year-end		6,020,000			1,978,000			0
Billings during the year		2,060,000			4,562,000			3,378,000
Cash collections during the year		1,830,000			4,200,000			3,970,000

Westgate recognizes revenue over time according to percentage of completion.

Required:

1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years.