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 Cost incurred during the year $2,580,000 2022 $4,042,000 2023 $2,175,800 Estimated costs to complete as of year-end Billings during the year OB Cash collections during the year 6,020,000 1,978,000 2,060,000 4,562,000 3,370,000 1,830,000 4,200,000 3,970,000 0 ences 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) Current assets Accounts receivable Construction in progress Less: Billings Costs and profit in excess of billings Current Sabilities 2021 2022 O Check w