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$[$The following information applies to the questions displayed below.$]$

In $2021,$ the Westgate Construction Compary 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:

$\backslash$table$[[$Cost$,2021,2022,2023],[$Estinated costs to conplete as of year$-$end,$$2,103,200,$$$3,150,0$ ee$,$$$2,475,00\%],[$Estinated costs to conplete as of year$-$end,$5,403,0\mathrm{.}00,2,250,800,-32,475,000],[$Cash collections during the year,$2,150,0001,875,020,3,100,200,4,750,0$ee$],[,1,875,0$e$0,3,100,000,5,025,000]]$

Westgate recognizes revenue over time according to percentage of completion.

$4.$ 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.$)$

$\backslash$table$[[$Costs incurred during the year,$2021,2022,2023],[$Estimated costs to complete as of year$-$end,$$2,100,000,$$$3,875,600,$$$3,275,060$

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:

$\backslash$table$[[,2821,2222,2223],[$Cost incurred during the year,$$2,100,200,53,150,200,32,475,093],[$Estimated costs to conplete as of year$-$end,$5,46e,8e8,2,250,048,12,475,],[$Billings during the year Cash collections during the year,$2,150,600,3,100,$ eve,$4,750,063],[$Cash collections during the year,$1,875,0$e$0,3,100,004,5,025,003$

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:

$\backslash$table$[[$Cost$,2021,2022,2023],[$Estinated costs to conplete as of year$-$end,$$2,100,600,$$$3,150,000,$$$2,475,000],[$Estinated costs to complete as of year$-$end,$5,400,8002,150,000,2,250,6003,100,800,-],[$Cash collections during the year,$2,150,6091,875,809,3,100,6003,100,600,4,750,0005,025,000$