Thanks tutors for always helping. Please do not get answers from another website :) Required information [The

Thanks tutors for always helping. Please do not get answers from another website :)

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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: 2021 2022 Cost incurred during the year $2,610,000 Estimated costs to complete as of year-end 6,390,000 Billings during the year 2,100,000 $3,162,000 2,028,000 3,672,000 2023 $2,230,800 0 Cash collections during the year 1,850,000 3,000,000 4,228,000 5,150,000 Westgate recognizes revenue over time according to percentage of completion. 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.) Answer is not complete. 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: 2021 2022 Cost incurred during the year $2,610,000 Estimated costs to complete as of year-end 6,390,000 Billings during the year 2,100,000 $3,162,000 2,028,000 3,672,000 2023 $2,230,800 0 Cash collections during the year 1,850,000 3,000,000 4,228,000 5,150,000 Westgate recognizes revenue over time according to percentage of completion. 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.) Answer is not complete.