Required information [The following information applies to the questions displayed below] In 2024, 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 2026. Information related to the contract is as follows Cost incurred during the year 2024 $ 2,016,000 Estimated costs to complete as of year-end 5,184,000 Billings during the year 2,180,000 2025 $2,808,000 2,376,000 2,644,000 2026 $ 2,613,600 8 Cash collections during the year 1,890,000 2,500,000 5,176,000 5,610,000 Westgate recognizes revenue over time according to percentage of completion 3. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items related to the contract Note: Do not round intermediate calculations.