I also need help with Req 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the 3 years assuming the following costs incurred and costs to complete information. Do not round intermediate calculations and round your final answers to be to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.

" Graded Hw In 2018, 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 2020. Information related to the contract is as follows 2019 Cost incurred during the year $2, 610,000 3,162,000 2,230, 800 Estimated boats to complete as of year-end Billings during the year Cash collectiona during the year 1,850,000 3,000,000 5,150, 000 6, 390,000 2,028, 000 2,100,000 3,672,000 4,228,000 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 2-s. In the journal below, complete the necessary journal entries for the year 2018 (credit "Various accounts" for construction costs incurred) Incurred) incurred) contract incurred and costs to complete iaformation 2-b. In the journal below, complete the necessary journal entries for the year 2019 (credit "Various accounts" for construction costs 2-c. In the journal below, complete the necessary journal entries for the year 2020 (eredt Various accountsfor nstuction costs the information required below to prepare a partial balance sheet for 2018 and 2019 showing any ltems related to the 4, Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs 201 2, 610,000 3,850,000 $3,250,000 Coat incurred during the year Estimated costs to complete as of 6 390,000 3,150,000 . 00