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:

2021 2022 2023

Cost incurred during the year $ 2,640,000 $ 2,300,000 $ 2,926,000

Estimated costs to complete as of year-end 6,160,000 2,660,000 0

Billings during the year 2,080,000 2,860,000 5,060,000

Cash collections during the year 1,840,000 2,800,000 5,360,000

Westgate recognizes revenue over time according to percentage of completion. 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract

Need Current Assets 2021-2023

Need Current Liabilities 2021-2023