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 Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,581,000 6,319,000 2,090,000 1,845,000 2022 $2,347,000 2,772,000 2,938,000 2,900,000 2023 $3,049,200 0 5,072,000 5,255,000 Westgate recognizes revenue over time according to percentage of completion. 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.) Answer is not complete. 2021 2022 3,814,032 s 2023 3,285,968 2,900,000 $ Revenue Gross profit (loss)