! Required Information [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: 2023 $2,849, eee Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,072,880 5,328,eee 2,160,eee 1,880,00 2022 $2,738, eee 2,590, see 2,650, eee 2,700,000 5,190,eee 5,420, eee Westgate recognizes revenue over time according to percentage of completion. 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) 2021 2022 Current assets: Current liabilities