UL Umayev ucuw. 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 $2,100,000 5,400,000 2,150,000 1,875,000 2022 2023 $3,150,000 $2,475,000 2,250,000 0 3,100,000 4,750,000 3,100,000 5,025,000 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 the contract. (Do not round intermediate calculations.) 2021 2022 Balance Sheet (Partial Current assets Accounts receivable Construction in progress Less Billings Costs and profit in excess of billings Current liabilities 0 0