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 $2,550,000 5,950,000 2,050,000 1,825,000 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2022 $4,250,000 1,700,000 4,750,000 4,100,000 2023 $1,870,000 3,200,000 4,075,000 0 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. (Do not round intermediate calculations.)