Montana Corp. enters into a long term construction contract during 2020 and 2021 . Total expected costs are $1.8 M Other relevant data are summarized below: Selected Amounts Montana deems it appropriate to recognize revenue over time with respect to this contract. What would the 2020 ending balance be for the Construction in Progress account, net of Billings? $700.000 liability $300,000 liability $500,000 asset $1,500,000 asset