Ivanhoe Construction Company had a contract starting April 2018, to construct a $24200000 building that is expected to be completed in September 2020, at an estimated cost of $22200000. At the end of 2018, the costs to date were $10656000 and the estimated total costs to complete had not changed. The progress billings during 2018 were $500000 and the cash collected during 2018 was 3220000. Ivanhoe uses the percentage-of-completion method. At December 31, 2018 Ivanhoe would report Construction in Process in the amount of: