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: Westgate recognizes revenue over time according to percentage of completion. Required: 1. Calculate the amount of revenue ond gross profit (loss) to be recognized in each of the three years. Note: Do not round intermediate calculations. Loss amounts should be indicated with a minus sign. Req2A In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Materials, etc incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account: Journal entry worksheet Record cash collections. Req 2A Req 2B In the journal below, complete the necessary joumal entries for the year 2024 (credit "Cash, Materials, etc." for construct incurred). Note: If no entry is required for a tranisaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Req 2A In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Materials, etc." incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account Journal entry worksheet Record progress billings. 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: Westgate recognizes revenue over time according to percentage of completion. 2-a. In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Moterials, etc." for construction costs incurred). 2-b. In the journal below, complete the necessary journal entries for the year 2025 (credit "Cash, Materials, etc." for construction costs incurred). 2 -c. In the joumal below, complete the necessary journal entries for the year 2026 (credit "Cash, Materials, etc." for construction costs incurred). Req 2A In the journal below, complete the necessary journal entries for the year 2024 (credit "Cash, Ma incurred). Note: If no entry is required for a transaction/event, select "No journal entry required" in the Journal entry worksheet Record gross profit (loss)