Saved Apply: Homework [due day 7] i 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 of 5 $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 2022 2023 Cost incurred during the year $ 2, 580, 000 $4, 042, 090 $2, 175, 800 Estimated costs to complete as of year-end 6, 020,000 1, 978, 009 Billings during the year 2, 060,060 4, 562, 090 3, 378, 000 Cash collections during the year 1, 830, 000 4, 200, 090 3, 970, 090 Westgate recognizes revenue over time according to percentage of completion. Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate nces calculations. Loss amounts should be indicated with a minus sign.) 2021H 2022 2023 Revenue Gross profit (loss)