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 yearend Billings during the year Cash collections during the year 2921 $2,199,999 5,499,999 2,159,999 1,875,999 2922 $3,159,999 2,259,999 3,199,999 3,199,999 2923 $2,475,999 9 4,759,999 5,925,999