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Required information (The following information applies to the questions displayed below.) Part 1 of 5 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: 0.71 points 2023 $2,074,600 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,542,000 5,658,000 2,020,000 1,810,000 2022 $3,772,000 1,886,000 4,294,000 3,800,000 3,686,000 4,390,000 eBook References 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. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.) 2021 2022 2023 Revenue Gross profit (loss)