need help solving the following , thank you.

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 2031 30 >> Cast incurred during the year $3,581,000 $2,147,000 $3,000,00 Estimated costs to completes of war and 6,119,000 3,772,000 Billings during the year 2.000.000 >30,000 3,022, Cash collections during the ye 1.645,000 2,100,000 5,255,00 Westgate recognizes revenue over time according to percentage of completion 2-o. In the journal below.complete the necessary journal entries for the year 2021 (credit Various accounts for constructions incurred) 2-b. In the journal below, complete the necessary journal entries for the year 2022 (credit Various accounts for construction costs Incurred) 2-c. In the joumal below.complete the necessary journal entries for the year 2023 (credit Various accounts for construction.com incurred) Get this time 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: Cost incurred during the year Estimated costs to complete as of year end Billings during the year Cash collections during the year 2022 2023 $2,581,000 $2,347,000 $3,049,200 6,319.000 2,772,000 2,090,000 2,838,000 5,072,000 1,845,000 2,900,000 5,255,000 Westgate recognizes revenue over time according to percentage of completion. 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract (Do not round Intermediate calculations.) 2021 2022 Current assets Westgate recognizes revenue over time according to percentage of completion. 3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 show contract. (Do not round intermediate calculations.) Balance Sheet (Partial) Current assets 2021 2022 Current liabilities 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount Loss amounts should be indicated with a minus sign.) Costs incurred during the year Estimated costs to completes of year and 221 2022 2023 $2,511,000 $3,845,000 $3,245.000 6,319.000 3,145,000 2011 2022 2023 Revenge Oro profit doss)