A construction company entered into a fixed-price contract to build an office building for $32 million. Construction costs incurred during the first year were $9 million and estimated costs to complete at the end of the year were $21 million. During the first year the company billed its customer $8 million, of which $4 million was collected before year-end. What would appear in the year-end balance sheet related to this contract using the percentage-of-completion method?