Question 10 4 pts Marks Construction Marks Construction enters into a long-term fixed price contract to build an office tower for $10,000,000. In the first year of the contract Marks incurs $3,000,000 of cost and the engineers determined that the remaining costs to complete are $5,000,000. Marks billed $4,000,000 in year 1 and collected $3,500,000 by the end of the end of the year. How much should Marks report as Accounts Receivable at the end of year 1 on the balance sheet assuming the use of the percentage-of-completion method? O $500,000 e $3,500,000 O $4,000.000 $5,000,000 Nex