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Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time [L06-8, 6-9] [The following information applies to the questions displayed below.) In 2024, 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 2026. Information related to the contract is as follows: 2026 C st during the to Billings during the cash s during the yeu 2024 s, 658,000 2025 Westgate recognizes revenue over time according to percentage Of completion. Problem 6-10 (Algo) Part 1 Required: I. Calculate the amount Of revenue and gross profit (loss) to be recognized in each Of the three years. Note: DO not round intermediate calculations. Loss amounts should be indicated With a minus sign. Gross profit ooss) 100, coo 558, coo