Question: please help me fill in the blue-arrowed boxes for the answers THVL | TTV . Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over

please help me fill in the blue-arrowed boxes for the answers THVL| TTV . Required information Problem 6-10 (Algo) Long-term contract; revenue recognitionplease help me fill in the blue-arrowed boxes for the answers

THVL | TTV . Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (LO6-8, 6-9] [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 2021 $2,580,000 6,020,000 2,060,000 1,830,000 2022 $4,042,000 1,978,000 4,562,000 4,200,000 2023 $2,175,800 0 3,378,000 3,970,000 Westgate recognizes revenue over time according to percentage of completion. Problem 6-10 (Algo) Part 3 Problem 6-10 (Algo) Part 3 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 Balance Sheet (Partial) Current assets: Accounts receivable Construction in progress Less: Billings Costs and profit in excess of billings Current liabilities

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