In 2025, Carla Vista Construction Corp. began construction work under a 3-year contract. The contract price was 1,060,000. Carla Vista 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.

Balance Sheet

Accounts Receivable $16,600

Construction in process $69,700

Less: Billings $65,400

Costs and recognized profit in excess of billings $4,300

Income Statement

Portion (before tax) on the contract recognized in 2025 $20,910

How much cash was collected in 2025 on this contract?

Portion of contract billings collected $

What was the initial estimated total income before tax on this contract?

Income before tax on this contract $