Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (L06-8, 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: 2023 $2,926, eee Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $2,640, eee 6,160,000 2,889, eee 1,840,000 2022 $2,300,000 2,660, een 2,860,000 2,800,000 5,060,000 5,36e, eee 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 Balance Sheet (Partial) Current assets: 2022 Current liabilities