Required information [The following information applies to the questions displayed below. In 2018, 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 2020. Information related to the contract is as follows 2018 2019 $2,542,000 $3,772,000 $2,074,600 1,886,000 2,020,000 4,294,000 3.686, 000 1,810,000 3,800,000 4,390,000 2020 Cost incurred during the year Estimated costs to complete as of year-end5,658,000 Billings during the year Cash collections during the year Westgate recognizes revenue over time according to percentage of completion