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 . Intormation related to the contract is as follows: Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years 2 a. In the journal bolow, complete the necessary journal entries for the year 2024 (credit "Cash, Materials, etc" for construction costs incurred). 2-b. In the journal below, complete the necessary joumal entries for the ycar 2025 (credit "Cash, Materials; etc" for construction costs incurred). 2c. In the journal below, complete the necessary joumal entries for the year 2026 (credit "Cash, Materials, etc: for construction costs incurred). 3. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract. 4. Colculate the amount of revenue and gross profit (joss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. 5. Calculate the amount of revenue and gross profit (0oss) to be recognized in each of the three years, assuming the following costs incurred and costs to complote information Complete this question by entering your answers in the tabs below. Calculate the amount of revenue and gros profit (lows) to be recognized in each of the viree yesrs. Note: Leave no celis blank - be certain to enter "or" wherever required. Loss ameunts should be indicated with a minus sign