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Required Information

Problem $6-10($Algo$)$ Long$-$term contract; revenue recognition over time $[$LO$6-8,6-9]$

$[$The following informatlon applles 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:

$\backslash$table$[[,2024,2025,2026],[$Cost incurred during the year,$$2,291,000,$$$3,555,000,$$$2,259,400$