Problem 6-10 (Algo) Long-term contract; revenue recognition over time [LO6-8, 6-9] [The following information applies to the questions displayed below.] In 2024, 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 2026 . Information related to the contract is as follows: Westgate recognizes revenue over time according to percentage of completion. roblem 6-10 (Algo) Part 3 Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the ontract. lote: Do not round intermediate calculations. Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time [LO6-8, 6-9] [The following information applies to the questions displayed below.] In 2024, 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 2026 . Information related to the contract is as follows: Westgate recognizes revenue over time according to percentage of completion. roblem 6-10 (Algo) Part 4 - Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs curred and costs to complete information. ote: Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts hould be indicated with a minus sign