$24.000 $40.000 36. Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project estimated to cost $4,000,000 and the following information is available: ($ in 000) Year 1 Year 2 Year 3 Cost incurred to date 1,000 2,500 3.750 Estimated completion costs 3,000 1,500 0 Billings 750 1,750 2,500 Cash collected 500 1,500 3,000 Using the percentage-of-completion method of revenue recognition, net construction in progress at the end of Year is: (2 Points) $500.000 O $1,000,000 O $250,000 O $750.000 37. Noah Construction Company is building a large complex for a contract price of $5,000,000. This is athmormiert estimated to cost $4.000.000 and the following information is available