A construction company entered into a fixed-price contract to build an office building for $16 million Construction costs incurred during the first year were $3 million and estimated costs to complete at the end of the year were $7 million During the first year the company billed its customer $3 million, of which $1 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? (Enter your answers in whole dollars.) Assets