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Required Information [The following information applies to the questions disployed below] In 2024, the Westgate Construction Company entered into a contract to construct a road

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Required Information [The following information applies to the questions disployed 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 tme according to percentage of completion. 5. 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. Note: Do not round Intermedlate calculations and round your final answers to the nearest whole dollar amount. Loss amounts chould be Indicated with a minus sign. Answer is complete but not entirely correct

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