Please show work

Required information [The following information applies to the questions displayed below.) 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: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2018 $2,581,000 6,319,000 2,090,000 1,845,000 2019 2020 $2,347,000 $3,049,200 2,772,000 2,838,000 5,072,000 2,900,0005 ,255,000 Westgate recognizes revenue over time according to percentage of completion. Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.) 2018 2020 $ Revenue L 1.100.000 2019 $ 4,881,000 3.683,354 6,950,800 Gross profit (loss) $ 449,296 2.818,149