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: 2823 $1,870,00 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,550,000 5,950,000 2,850,000 1,825, 8e 2022 $4,250,000 1,700, eee 4,750,000 4,1ee, eee 3,200,000 4,075,000 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.) 2021 Balance Sheet (Partial) Current assets 2022 0 0 Current liabilities