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In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,00 The road was completed in

image text in transcribed In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,00 The road was completed in 2026. Information 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

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