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road was completed in 2020. Information related to the contract is as follows 2,079,000 $3,465,000 $2,371,600 2,156,000 3,844,000 1,500,0003,300,000 5,200,000 as of end 4,456,000 Westgate Construction uses the completed contract method of accounting for long-term construction contracts 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2-a. In the journal below, complete the necessary journal entries for the year 2018 (credit "Various accounts" for 2-b. In the journal below, complete the necessary journal entries for the year 2019 (credit "Various accounts for construction costs 2-c. In the journal below, complete the necessary journal entries for the year 2020 (credit "Various accounts for construction costs 3. Complete the information required below to prepare a partial balance sheet for 2018 and 2019 showing any items related to the costs contract 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs 2018 $2,530,000 5,730,000 2020 $3,865,000 3,230,000 $1,230,000 costs to complete as of year- end 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information 2018 2019 2020 $2,530,000 $3,865,000 ,095,000 coats to complete as of vear- MacBook Ai