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 52,890, 500 Cost incurred during the year Estimated costs to complete as of year end Billings during the year Cash collections during the year 2021 $2,044,000 5,256,000 2,170,000 1,885,000 2022 $2,628,000 2,628,000 2,502,000 2,600,000 5,328,000 5,515,000 Westgate recognizes revenue over time according to percentage of completion Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.) $ Revenue Gross profit (los) 2021 2.800 000 $ 756.000 5 2022 3.0133155 S 2023 4,186,685 0 $