Line following information applies to the questions displayed below) In 2021, 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 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,059,000 5,041,000 2,190,000 1,895,000 2022 $2,627,000 2,414,000 2,496,000 2,400,000 2023 $2,655,400 0 5,314,000 5,705,000 Westgate recognizes revenue over time according to percentage of completion 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract. (Do not round intermediate calculations.) 2021 2022 ces $ 295,000 $ 6,600,000 Balance Sheet (Partial) Current assots: Accounts receivable Construction in progress Less: Billings (Costs and profit in excess of billings Current liabilities: Accumulated depreciation $ 2,900,000 (2.190,000) 710,000 6,600,000 $ 0