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 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 2022 $2,542,000 $3,772,000 5,658,000 1,885,000 2.620,000 4,294,000 1.810,000 3,800,000 2023 $2,074,500 a 3,686,000 4,390,000 Westgate recognizes revenue over time according to percentage of completion Problem 6-10 (Algo) Part 3 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.) Balance Sheet (Partial Current assets 2021 2022 0 0 re to search O 22 10