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 2022 2023 Cost incurred during the year $ 2,059,000 $ 2,627,000 $ 2,655,400 Estimated costs to complete as of year-end 5,041,000 2,414,000 0 Billings during the year 2,190,000 2,496,000 5,314,000 Cash collections during the year 1,895,000 2,400,000 5,70