Please show your work for calculating the construction cost.

Cullumber Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Bonita Structures Ltd. The contract is a non-cancellable fixed-price contract for $9.0 million. Billings and collections are lower in 2025 by $500,000 each. The following data pertain to the construction period (all figures in thousands). Calculate the construction costs to be expensed in 2024 . Construction costs $