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: 2018 2019 2020 cost incurred during the year $ 2,204,000 $ 3,192,000 $ 2,424,400 estimated costs to complete as of year-end 5,396,000 2,204,000 0 billings during the year 2,140,000 3,256,000 4,604,000 cash collections during the year 1,870,000 3,200,000 4,930,000 westgate recognizes revenue over time according to percentage of completion. rev: 09_15_2017_qc_cs-99734 required: 1. calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (do not round intermediate calculations. loss amounts should be indicated with a minus sign.)