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0 Required information The following information applies to the questions displayed below] In 2018, the...

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0 Required information The following information applies to the questions displayed below] In 2018, 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 2020. Information related to the contract is as follows: 2019 $2,816,800 $2,888,800 $2,613,68e 2018 2020 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 5,184,000e 2,376,080 2,180,600 2,644,8805,176,00e 1,890,8002,508,060 5,610,eee 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 calculetions. Loss amounty should be indicated with a minus sign,) ces Revenue Gross profit (loss)

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