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: 2021 2022 2023 Cost incurred during the year Estimated costs to conplete as of year-end Billings during the year Cash collections during the year $2,184,0a0 5,616,000 2,120,000 1,360,000 $3,510,000 2,106,000 3,574,000 3,400,000 $2,316,600 4,306,000 4,740,ee0 Westgate recognizes revenue over time according to percentage of completion. Balance Sheet (Partial) 2021 2022 Current assets 0 0 Current liabilities 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the neares whole dollar amount. Loss amounts should be indicated with a minus sign.) 2021 $2,184,000 5,616,000 2822 2023 Costs incurred during the year Estimated costs to complete as of year-end $3,860,000 3,160,000 $3,260,000 2021 2022 2023 Revenue Gross profit (loss)