Blossom, Inc. began work on a $$7,481,000$ contract in $2025$ to construct an office building. Blossom uses the cost$-$recovery method. At

December $31,2025,$ the balances in certain accounts were Construction in Process $$1,805,000,$ Accounts Receivable $$242,000,$ and

Billings on Construction in Process $$1,088,000.$

Indicate how these accounts would be reported in Blossom's December $31,2025,$ balance sheet. $($List assets in order of liquidity.$)$

BLOSSOM, INC.

Balance Sheet

December $31,2025$

Current Assets

Accounts Receivable

Construction in Process

Construction in Process

Billings on Construction in Process