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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 cortract is as follows:

of $5$

Cost incurred furing the year

Estimated cests to complete as of year$-$end Biltings during the year

Cash collections during the year

$2624,2225,2926$

$52,581,060,52,347,060,53,649,260$

$6,319,020,2,772,090,0$

$2,050,600,2,838,600,5,672,060$

$1,845,800,2,908,020,5,255,609$

$$

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$4.$ Calculate the amount of revenue and gross profit $($fors$)$ to be recognized in each of the three years, assuming the fo$,$

Art costs incurred and costs to complete information.

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Notte: Do not round infermediate calculations and round your final answers to the nearest whole dollar amount. Lor amounts should be indicated with a minus slogn.

$\backslash$table$[[,2024,2025,2926],[$Conts incurred during the year,$52,501,000,53,845,000,$$ $3,245,000],[$Estimated conts to conplete an of year$-$end,$6,319,699,3,145,$ eve,a$]]$

$\backslash$table$[[,2894,2825,2026],[$Reverse$,5,2,800,000,,],[$Grossportl $($soss$),5,319,000,,]]$