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: 2020 $2,008,600 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2018 $2,490,000 5,810,000 2,030,000 1,815,000 2019 $3,984,000 1,826,000 4,444,000 3,900,000 3,526,000 4,285,000 Westgate recognizes revenue over time according to percentage of completion. 3. 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.) X Answer is not complete. 2018 2019 $ 215,000 $ 759,000 Balance Sheet (Partial) Current assets Accounts receivable Construction in progress Less: Billings Costs and profit in excess of billings $ 3,000,000 3,000,000