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 year-end Billings during the year Cash collections during the year 2021 $2,100,000 5,400,000 2,150,000 1,875,800 2022 $3,150,000 2,250,000 3,100,000 3,100,000 2023 $2,475,000 4,750,000 5,025,000 Westgate recognizes revenue over time according to percentage of completion. Req 2A Reg 2B Req 2c In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construction costs incurred). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit 2021 Construction in progress 2,100,000 Various accounts 2,100,000 1 2 2021 Accounts receivable Billings on construction contract 2,150,000 2,150,000 3 2021 Cash Accounts receivable 1.875,000 1,875,000 4 2021 Construction in progress Cost of construction Revenue from long-term contracts 0 2.800,000 Req 2A Req 2B Req 2c In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts for construction costs incurred). (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) No Date General Journal Debit Credit 1 2022 Construction in progress 3,150,000 Various accounts 3,150,000 2 2022 Accounts receivable Billings on construction contract 3,100,000 3,100,000 3 2022 Cash Accounts receivable 3,100,000 3,100,000 4 2022 Construction in progress Cost of construction Revenue from long-term contracts Reg 2A Req 28 Req 2c In the journal below, complete the necessary Journal entries for the year 2023 (credit "Various accounts for construction costs incurred). (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Date General Journal Debit Credit 1 2023 Construction in progress 2.475,000 Various accounts 2.475,000 2 2 2023 Accounts receivable Billings on construction contract 4,750,000 4.750,000 3 2023 Cash 5,025,000 Accounts receivable 5,025,000 4 2023 Construction in progress Cost of construction Revenue from long-term contracts OOO