A construction company entered into a fixed price contract to bulid an office building for $70 milition Construction costs incuifed during the first year were Sio mition and estimated costs to complete at the end of the year were 5 th millien. The company recognizes tevenue over time accoring to percentago of corphitiol. During the first year the compory billed its customer 511 millon, of which $3 million was collected before yeat-end What woudd appear in the year -end balance sheet related to this contiact? Note: Enter your arswers in whole dollars and not in millions (L.e, 54 million should be entered 05$4,000,000 )