In 2021, the Westgate Construction Company entered into a contract to construct a toad for Santa Clara County for $10,000,000. The road was completed in 2020. normation rested to the contact in as follows 2021 2022 2023 Cost incurred during the year 32164000 $3.510,000 Estimated costs to complete as of year end 5616000 2.105.000 Blings during the year 1000000 3894,000 Cash collections the year 4306 000 1 600 000 2.000.000 5.000.000 Assume that Westgate Constructions contract with Santa Clara County does not quality for revenue recognition over time Required: 1. Calculate the amount of revenue and gross prontoss) to be recognized in each of the three years 2.a. in the joumas below.complete the necessary oumal entries for the year 2021 (credevanous accounts for construction costs conted) 2-6. In the foumal below complete the necessary ouma entries for the year 2022 credt Various accounts for construction costs incurred) 2-c. in the journal below.complete the necessary oumal entries for the year 2023 (credit Various accounts for construction costs incurred 9. Complete the information required below to prepare a partial batance sheet for 2021 and 2022 showing any items related to the contract 4. Calculate the amount of revenue and gross pro (3) to be recognized in each of the tree years assuming the following costs incurred and costs to complete information 2021 Cost incurred during the year 52520.000 53.000.000 53>20000 Estimated costs to compless of year-end 5.720.000 1220.000 6. Calculate the amount of revenue and gross prott (loss) to be recognized in each of the three years assoming me flowing costs incurred and costs to complete information 2021 2022 2023 Coincurred during me year 52520,000 53660 000 540000 Estimated cost to come as ofend 15720.000 4220.000 Complete this question by entering your answers in the tabs below. Hea Red 2A Reg 20 Rad 20 REG Hea He Calculate the amount of revenue and gross profit (los) to be recognized in each of the three years using the above information even cells blank be certain tento" wherever required. Lort amounts would be indicated with a minus OM