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 2023
Cost incurred during the year $2,184,000 $3,510,000 $2,316,600
Estimated costs to complete as of year-end 5,616,000 2,106,000 0
Billings during the year 2,120,000 3,574,000 4,306,000
Cash collections during the year 1,860,000 3,400,000 4,740,000

Westgate recognizes revenue over time according to percentage of completion.

Required:
Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years.