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: Cost incurred during the year rotinated costs to corplete as of year-end bilingn during the year Cash collections during the year 20242,640,0006,160,0002,080,0001,040,0002025$2,300,0002,660,0002,660,0002,600,000202652,926,00005,060,0005,360,000 Westgate recognizes revenue over time according to percentage of completion. 4. Calculate the amount of revenue and gross profit (loss) to be recognized in eoch of the three years, assuming the following costs incurred and costs to complete information. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign. Coate incurred during the year Extimated coata to coeplete as of year-end 2024 2,640,000 6,160,000 2025 2026 \begin{tabular}{|l|l|l|l|} \hline Revenue & 2024 & 2025 & 2020 \\ \hline Gross profit (loss) & & & \\ \hline \end{tabular}