In 2025, Blossom Construction Corp, began construction work under a 3-year contract. The contract price was $1,030,000. Blossom uses the percentage-of-completion method for financial accounting purposes. The income to be recognized each year is based on the proportion of cost incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31,2025, are shown below. How much cash was collected in 2025 on this contract? Portion of contract billings collected eTextbook and Media What was the initial estimated total income before tax on this contract? Income before tax on this contract