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 $2.371,600 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2020 52,156,000 5, 544,000 2,138,000 1,865,000 $3,388,000 2,156,000 3,414,000 3,300,000 4,456,000 4,835,000 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.) Answer is not complete. 2021 Balance Sheet(Partial) Current assets 0 000 Construction in progress Add Bags 2.000.000 265,000 7.200,000 379 000 K 2,535,000 16.821.000 Current labaites Costs and profit in excess of beings 12.130 000 15 544 000