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: 2923 $2,209,699 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,400,000 5,600,000 2,000,000 1,880,000 2022 $3,600,000 2,000,000 4,000,000 3,600,000 4,000, eee 4,600,000 Westgate recognizes revenue over time according to percentage of completion Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of calculations. Loss amounts should be indicated with a minus sign.) ree years. (Do not round intermediate 2021 2022 2023 Revenue Gross profit (loss) IT