Required Informetlon The following Information applies to the questions displayed below In 2018, 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 2020. Information related to the contract Is as follows 2828 $2,424,480 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2818 $2,284 , 8ee 5, 396,88 2,148,88 1,87e,88 2819 s3,192,8 2,284,88 3,256,88e 3,28e,88 4,684,8ee 4,93e,8ee Westgate recognizes revenue over time according to percentage of completion. 3. Complete the Information required below to prepare a partial balance sheet for 2018 and 2019 showing any ltems related to the contract. (Do not round Intermedlate calculatlons.) Balance Sheet (Partial 2018 2019 Current assets: Accounts receivable onstruction in progress ess: Billings osts and profit in excess of billings Current liabilities