Assume Avaya contracted to provide a customer with Internet infrastructure for $$2,400,000.$ The project began in $2024$ and was completed in $2025.$ Data relating to the contract are summarized below:

Costs incurred during the year

Estimated costs to complete as of $\frac{12}{31}$

Billings during the year

cash collections during the year

$\backslash$table$[[2624,2025],[$$$332,060,$$$1,850,000$