The revenue recognized in year 2021 is 2,900,000, 2022 is 4,700,000, 2023 is 2,400,000. The gross profit for year 2021 is 377,000, 2022 is 152,3000. 2023 is 420,000.

! Required information (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: 2023 $1,980,000 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,523,000 6,177,000 2,070,000 1,835,000 2022 $3,177,000 1,800,000 3,630,000 3,400,000 4,300,000 4,765,000 Westgate recognizes revenue over time according to percentage of completion. 2-a. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction costs incurred). 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts" for construction costs incurred). 2-c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Various accounts" for construction costs incurred)