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Required Information The following information acces to the questions displayed below in 2021, the Westgate Construction Company entered into a contract to construct a road

image text in transcribed Required Information The following information acces to the questions displayed below in 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara Courty for $10.000.000 The road was completed in 2023 informaton related to the contract is as folicM Cust being the var sittings in 2021 12. $2,627,000 2,454,000 Cash IEE AMOY The yar Westgate recognizes e certame according to percentage of completion 4. Calculate the amount of revenue and gross profit pose to be recognized in each of the three years assuming the following costs incurred and com to complete information (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount, Loss amounts should be indicated with a minus sign Costs incurred during the year 5.4. 2023 2103

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