ABC began work on a $4,500,000 construction contract in 2021. During 2021, the company incurred costs of $1,000,000, billed the customer for $1,150,000, and collected $900,000 On December 31,2021 , the estimated future costs to complete is $2,000,000. In 2022 , the company completed the construction at the estimated cost. ABC also billed and collected the remaining amount from the customer in 2022| ABC began work on a $4,500,000 construction contract in 2021. During 2021, the company incurred costs of $1,000,000, billed the customer for $1,150,000, and collected $900,000 On December 31,2021 , the estimated future costs to complete is $2,000,000. In 2022 , the company completed the construction at the estimated cost. ABC also billed and collected the remaining amount from the customer in 2022|