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?