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: 2024 Cost incurred during the year Estimated costs to complete as of year-end $ 2,016,000 5,184,000 Billings during the year 2,180,000 2025 $2,808,000 2,376,000) 2,644,000 2026. $ 2,613,600 0 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. " 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign. Costs incurred during the year Estimated costs to complete as of year-end 2026 2024 $2,016,000 5,104,000 2025 $ 3,890,000 4,280,000 $ 4,170,000 Revenue Gross profit (loss) 2024 2025 2026