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.

2018			2019			2020
Cost incurred during the year	$	2,044,000		$	2,628,000		$	2,890,800
Estimated costs to complete as of year-end		5,256,000			2,628,000			0
Billings during the year		2,170,000			2,502,000			5,328,000
Cash collections during the year		1,885,000			2,600,000			5,515,000

3. Complete the information required below to prepare a partial balance sheet for 2021 and 3022 showing any items related to the contract. ( Do not round intermediate calculation)