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Required information

Proilem $6-10($Algo$)$ Long$-$term contract; revenue recognition over time $[$LO$6-8,6-9]$

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

III $2024,$ 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 contract is as follows:

$\backslash$table$[[$Cost incurred during the year,$2024,2025,2026],[$Estimated costs to complete as of year$-$end,$$2,059,000,$$$2,627,000,$$$2,655,400$