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 $2,890,800 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 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any Items related to the contract. (Do not round Intermediate calculations.)