Assume Scott Industries uses the percentage of completion method. During the first year of a project, they recorded actual costs of $210,000, gross profit of $50,000, billings of $225,000 and cash collections of $190,000. How will the Holding Account (net of Construction in Process and Contract Billings accounts) be shown on the balance sheet? $15.000 liability $15.000 asset $20,000 asset $35.000 liability $35,000 asset