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Required information Skip to question [ The following information applies to the questions displayed below. ] In 2 0 2 4 , the Westgate Construction

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[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:
202420252026
Cost incurred during the year $ 2,044,000 $ 2,628,000 $ 2,890,800
Estimated costs to complete as of year-end 5,256,0002,628,0000
Billings during the year 2,170,0002,502,0005,328,000
Cash collections during the year 1,885,0002,600,0005,515,000
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.
Note: Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.
please help me get the right answer, earlier I asked for help with the same question but the answers was incorrect.

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