[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:

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 the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.)

CostincurredduringtheyearEstimatedcoststocompleteasofyear-endBillingsduringtheyearCashcollectionsduringtheyear2021$2,291,0005,609,0002,110,0002022$3,555,0002,054,0003,736,0002023$2,259,40004,154,000 \begin{tabular}{|l|l|l|l|} \hline & 2021 & 2022 & 2023 \\ \hline Revenue & & & \\ \hline Gross profit (loss) & & & \\ \hline \end{tabular}