A construction company entered into a fixed$-$price contract to build an office building for $$20$ million. Construction costs incurred during the first year were $$6$ million, and estimated costs to complete at the end of the year were $$9$ million. The company recognizes revenue over time according to percentage of completion.

During the first year the company billed its customer $$7$ million, of which $$5$ million was collected before year$-$end.

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