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: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year $2,100,000 5,400,000 Cash collections during the year 2,150, 900 1,875,000 2022 $3,150,000 2,250,000 3,100,000 4,750,000 3,100,000 5,025,000 2023 $2,475,000 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 Intermedlate calculations. Loss amounts should be Indicated with a minus sign.) Revenue Gross profit (loss) 2021 2022 2023