in 2018 the westgate construction company entered into acontract to construct a road for Santa Clara County for 10,000,000The road was completed in 2020. Calculate the amount of revenue andgross profit to be recognized in each of the 3 years assuming thefollowing costs to incur and costs to complete information. ( Donot round intermediate calculations and round your final answers tothe nearest whole dollar amount.
2018 2019 2020
Cost incurred during the year $2,016,000 3,890,000 3,290,000
Estimated cost to complete as of year end $5,184,000 3,190,000
