intermediate accounting 1. please show work.

Required information [The following information applies to the questions displayed below.] 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: 2021 2022 2023 Cost incurred during the year $2, 100, 090 $2, 450, 090 $2, 695, 000 Estimated costs to complete as of year-end 4, 900, 090 2, 450, 009 Billings during the year 2, 200, 909 21 350, 090 5, 450, 060 Cash collections during the year 1, 900, 000 2, 300, 606 5, 800, 090 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 Revenue S 3,000,000 Gross profit (loss) S 900,000