A construction company entered into a fixed$-$price contract to build an office building for $$48$ million. Construction costs incurred

during the first year were $$18$ million, and estimated costs to complete at the end of the year were $$27$ million. The company

recognizes revenue over time according to percentage of completion.

During the first year the company billed its customer $$18$ million, of which $$13$ million was collected before year$-$end.

What would appear in the year$-$end balance sheet related to this contract?

Note: Enter your answers in whole dollars and not in millions $($i$.$e$.,$ $$4$ million should be entered as $$4,000,000).$