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 2021 $2,059,000 2022 2023 $2,627,000 $2,655,400 Estimated costs to complete as of year-end 5,041,000 2,414,000 5.30 Billings during the year 2,190,000 2,496,000 5,314,000 Cash collections during the year 1,895,000 2,400,000 5,705,000 Westgate recognizes revenue over time according to percentage of completion ces 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.)