Required information {The following information applies to the questions displayed below.) In Year 1, Golden Gate Builders entered into a contract to construct a bridge for San Fran County for $10,000,000. The road was completed in Year 3. Information related to the contract is as follows: Coat incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year Year 1 $2,100,000 4,900,000 2,200,000 1,900,000 Year 2 $2,450,000 2,450,000 2,350,000 2,300,000 Year 3 $2,695,000 0 5,450,000 5,800.000 Golden Gate recognizes revenue over time according to percentage of completion 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (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.) Year 1 $2,100,000 4,900,000 Year 2 $3,900,000 3,200,000 Year 3 $3,300,000 Cout incurred during the year Estimated costs to complete as of year-end Year 1 Year 2 Year a Revenue Gross profit (los)