Crane Construction Company had a contract starting April 2021, to construct a $25100000 building that is expected to be completed in September 2023, at an estimated cost of $23100000. At the end of 2021, the costs to date were $13167000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $5900000 and the cash collected during 2021 was 3310000. Crane uses the percentage-of-completion method.

At December 31, 2021 Crane would report Construction in Process in the amount of:

$14307000.

$1140000.

$13167000.

$7267000.