Mainly looking for parts 3-5

you can refer to a previous post I made here.

https://www.chegg.com/homework-help/questions-and-answers/2016-westgate-construction-company-entered-contract-construct-road-santa-clara-county-10-0-q20229835

info for4)

2016

2017

2018

Cost incurred during the year

$

2,100,000

$

3,875,000

$

3,275,000

Estimated costs to complete as of year-end

5,400,000

3,175,000

0

info for 5)

	2016			2017			2018
Cost incurred during the year	$	2,100,000		$	3,875,000		$	4,125,000
Estimated costs to complete as of year-end		5,400,000			4,250,000			0

In 2016, 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 2018. Information related to the contract is as follows: 2017 2016 2018 Cost incurred during the year $2,100,000 $3,150,000 $2,475,000 Estimated costs to complete as of year-end 5.400.000 2.250.000 2,150,000 3.100.000 4,750,000 Billings during the year 1,875,000 3.100.000 5.025.000 Cash collections during the year Westgate recognizes revenue over time according to percentage of completion. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. 2- in the journal below, complete the necessary journal entries for the year 2016 (credit Various accounts for a. Construction costs incurred) 2- in the journal below complete the necessary journal entries forthe year2017 credit "Various b. accounts for construction costs incurred) 2- in the journal below, complete the necessary journal entries forthe year 2018 (credit TVarious accounts for construction costs incurred) 3. Complete the information required below to prepare apartial balance sheet for 2016 and 2017 showing any items related to the contract. Indicate whether any of the amounts shown are contract assets or contract liabilities 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each ofthe three years assuming the following costs incurred and costs to complete information 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. Any help is appreciated