In 2024, 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 2026. Information related to the contract is as follows:

	2024	2025	2026
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

Westgate recognizes revenue over time according to percentage of completion.

2-a. In the journal below, complete the necessary journal entries for the year 2024 (credit Cash, Materials, etc. for construction costs incurred). 1. Record construction costs. 2. Record progress billings. 3. Record cash collections. 4. Record gross profit (loss).

2-b. In the journal below, complete the necessary journal entries for the year 2025 (credit Cash, Materials, etc. for construction costs incurred). 1. Record construction costs. 2. Record progress billings. 3. Record cash collections. 4. Record gross profit (loss).

2-c. In the journal below, complete the necessary journal entries for the year 2026 (credit Cash, Materials, etc. for construction costs incurred). 1. Record construction costs. 2. Record progress billings. 3. Record cash collections. 4. Record gross profit (loss).