Westgate recognizes revenue over time according to percentage of completion 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign. Costs incurred during the year Estimated costs to complete as of year-end 2026 2024 $ 2,604,000 5,796,000 2025 $ 3,820,000 4,140,000 $ 3,960,000 Answer is not complete.. 2024 2025 2026 Revenue $ 3,100,000 Gross profit (loss) $ 496,000