n 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The pad was completed in 2023. Information related to the contract is as follows: 2021 $ 2,184,000 5,616,000 1,800,000 1,600,000 2022 2023 $2,316,600 Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year $ 3,510,000 2,106,000 3,894,000 3,400,000 4,306,000 5,000, 000 ssume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time. equired: .Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. -a. In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts" for construction costs ncurred). -b. In the journal below, complete the necessary journal entries for the year 2022 (credit "Various accounts" for construction costs ncurred). -c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Various accounts" for construction costs ncurred). . Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the ontract. . Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs ncurred and costs to complete information.

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What hould i do the property taxes were levied in the amount of $905,000. All of the taxes are expected to be collected before February 2021. Note: Enter debits before credits.         Transaction General Journal Debit Credit 03                                               .

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Do parts a to d Accounting for Income Taxes    Yoda Company is in the process of accounting for its income taxes for the year ended December 31, 2020. The following information came from Yoda's accounting and taxation records:   Accounting income before income taxes for 2020 $              98,967 Depreciation expense for property, plant, and equipment for 2020 $            222,227 Capital cost allowance to be claimed on Yoda's 2020 income tax return $            244,450 Book value of property, plant, and equipment at December 31, 2019 $         1,399,268 Undepreciated capital cost of property, plant, and equipment at December 31, 2019 $         1,203,370   Assume that there were no additions or disposals of property, plant, and equipment during 2020.   In 2020, Yoda began offering a 1-year warranty on all merchandise sold. Following are details pertaining to this warranty: Warranty expense for 2020 for accounting purposes $            38,860…

5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. Cost incurred during the year Estimated costs to complete as of year-end Req 1 Complete this question by entering your answers in the tabs below. Req 2A Revenue Gross profit (loss) $ $ Req 2B 2024 0 $ 0 $ Req 2C 2025 2024 $ 2,530,000 5,730,000 0 $ 0 Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. Note: Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sken. Req 3 2026 2025 $ 3,865,000 4,230,000 10,000,000 Req 4 2026 $ 4,095,000 Req 5 0