Journal Entries for 2018, 2019, 2020. For each year:

Record Construction Costs

Record Progress Billings

Record Cash Collections

Record Gross Profit (Loss)

In 2018, 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 2020. Information related to the contract is as follows: 2020 Incurred during hete ns of year-end 2019 $2,542,000 $3,772,000 $2,074,60e Estimated costs to complete as of year-end Billings during the year Cash collections during the year 5,658,000 2,820,0004,294,000 1,810,000 3,686,000 2-a. In the journal below, complete the necessary journal entries for the year 2018 (credit "Various accounts" for construction costs incurred) 2-b. In the journal below, complete the necessary journal entries for the year 2019 (credit "Various accounts" for construction costs incurred). 2-c. In the journal below, complete the necessary journal entries for the year 2020 (credit Various accounts" for construction costs incurred)