please help with calculation Problem 6-10 (Static) Long-term contract; revenue recognition over time [LO6-8, 6-9][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:202120222023Cost incurred during the yearEstimated costs to complete as of year-endBillings during the yearCash collections during the year$2,400,0005,600, 0002,000,0001,800,000$3,600,0002,000,0004,000,0003,600, 000$2,200,0004,000,0004,600,000Westgate recognizes revenue over time according to percentage of completion.Problem 6-10 (Static) Part 44. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costsincurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearestwhole dollar amount. Loss amounts should be indicated with a minus sign.)2022$3,800,0003,100,00020212023Costs incurred during the yearEstimated costs to complete as of year-end$2,400,0005,600,000$3,200,000202120222023Prev

Problem 6-10 (Static) Long-term contract; revenue recognition over time (LO6-8, 6-9] [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 fc $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collertions duning 2022 2023 $2,400,000 5,600, 000 2,000, 000 $3,600,000 2,000,000 $2,200,000 4,000,000 4. 000 A0g