18) Cooper Construction Company had a contract starting April 2021, to construct a $24,000,000 (1.5pts) building that is expected to be completed in September 2023, at an estimated cost of $22,000,000. At the end of 2021, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4,800,000 and the cash collected during 2021 was 3,200,000. Cooper uses the percentage-of-completion method. At December 31, 2021 Cooper would report Construction in Process in the amount of: $ 9,440,000 $11,040,000 510,120,000 $920,000