[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: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,184,000 5,616,000 2, 120,000 1,860,000 2022 $3,510,000 2,106,000 3,574,000 3,400,000 2023 $2,316,600 0 4,306,000 4,740,000 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 contract. (Do not round intermediate calculations.) Balance Sheet (Partial) 2021 2022 Current assets: 0 0 Current liabilities