In 2021, 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 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $1,875,000 5,625,000 1,500,000 1,300,000 2022 $3,375,000 2,250,000 3,750,000 3,100,000 2023 $ 2,475,000 0 4,750,000 5,600,000 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. 2021 2022 2023 Cost incurred during the year $2,550,000 $3,875,000 $3,250,000 Estimated costs to complete as of year-end 5,750,000 3,250,000 0 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Reg 2C Reg 3 Reg 4 Reg 5 Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank.be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.) 2021 2022 2023 Revenue 3,568,538 $ 3,359,173 3,072 289 $ 522,289 * Gross profit (loss) $ (306.462) 109,1733