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(in $ thousands) Year 1 Year 2 Year 3 Cost incurred each year $ 12,000 $ 30,000 $ 13,000 Estimated costs to complete 36,000

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(in $ thousands) Year 1 Year 2 Year 3 Cost incurred each year $ 12,000 $ 30,000 $ 13,000 Estimated costs to complete 36,000 14,000 0 Billings on construction in progress 17,000 26,000 15,000 Cash collected 11,000 20,000 27,000

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