Excavator Inc. enters into a $300,000 contract to build customized equipment. The construction of the equipment is expected to take three years. Excavator will bill the customer at the end of each year for performance completed to date. The project meets the requirements for recognizing revenue over time. Year One: Excavator Inc. incurred costs of $120,000 and expects remaining costs to be $108,000. Year Two: Excavator incurred an additional $40,000 in costs, re-assessed their remaining costs, and determined they are 70% complete with the project. Year Three: Excavator completes the project (costs in the third year were $70,000). After Excavator records its final revenue entry in year three, what is the final balance in Construction in Process? Enter the account balance before Excavator completes step five in percentage of completion and returns the balance to zero)