Problem Adapted from a problem in the textbook

Enter answers in orange, but explain your calculations or use formulas

GIVEN DATA

Information related to the contract is below:

Costs incurred during the year $($actual$)$

Estimated cost to complete as of year end

Billings during the year

$\backslash$table$[[$Cash collections during the year,$3,500,000,4,800,000,3,700,000$