In 2021, the W Construction Company entered into a contract to construct a road for SC County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:

	2021			2022			2023
Cost incurred during the year	$	2,580,000		$	4,042,000		$	2,175,800
Estimated costs to complete as of year-end		6,020,000			1,978,000			0
Billings during the year		2,060,000			4,562,000			3,378,000
Cash collections during the year		1,830,000			4,200,000			3,970,000

W recognizes revenue over time according to percentage of completion.

3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract. (Do not round intermediate calculations.)

**the current liabilities are as follows: accounts receivables, construction in progress, less: billings, costs and profit in excess of billings and there is one current liability that I don't know - so please include that and the numerical information**