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9 ! Required information [The following information applies to the questions displayed below.] 8.33 points 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: eBook Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,581,000 6,319,000 2,090,000 1,845,000 2022 $2,347,000 2,772,000 2,838,000 2,900,000 2023 $3,049,200 0 5,072,000 5,255,000 References 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.) 2021 2022 2023 3,600,000 Revenue $ 3,500,000 $ 2,900,000 $ 319,000 Gross profit (loss) $