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[The following information applies to the questions displayed below] In 2024, the Westgate Construction Company entered Into a contract to construct a road for Santa

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[The following information applies to the questions displayed 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 time according to percentage of completion. quired: Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. te: Do not round Intermediate colculations. Loss amounts should be indicated with a minus sign

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