?In $2024,$ ?Long Construction Corporation began construction work under a three$-$year contract. The contract price is $$3,300,000.$ ?Long recognizes revenue over time according to percentage of completion for financial reporting purposes. The financial statement presentation relating to this contract at December $31,2024,$ ?is as follows:

Balance Sheet

Accounts receivable $($from construction progress billings$)$ ? $ $47,000$

Construction in progress $$330,000$ ?

Less: Billings on construction contract $(319,000)$ ?

Cost and profit of uncompleted contracts in excess of billings $11,000$

Income Statement

Income $($before tax$)$ ?on the contract recognized in $2024$ ?$ $37,000$

Required:

What was the cost of construction actually incurred in $2024?$

How much cash was collected in $2024$ ?on this contract?

What was the estimated cost to complete as of the end of $2024?$

What was the estimated percentage of completion used to calculate revenue in $2024?$