Nichols Construction Company (NCC) entered into a contract to build a shopping complex for $1,900,000. Construction commenced on July 1, 2020, with a planned completion date of December 31, 2022. A summary of the related accounting information is provided below: 2020 2021 2022 Costs incurred during the year 400,000 500,000 650,000 Estimated costs to complete at year end 1,200,000 600,000 0 Billings during the year 660,000 440,000 800,000 Cash collections during the year 500,000 310,000 800,000 How much would the balance in accounts receivable be on the balance sheet of NCC at the end of 2022 if NCC uses the percentage of completion method? $250,000 $290,000 $0 $800,000