Sandhill, Inc. began work on a $7,659,000 contract in 2025 to construct an office building. Sandhill uses the cost-recovery method. At December 31, 2025, the balances in certain accounts were Construction in Process $1,689,000, Accounts Receivable $231,000, and Billings on Construction in Process $1,079,000. Indicate how these accounts would be reported in Sandhill's December 31, 2025, balance sheet. (List assets in order of liquidity.)

Sandhill, Inc. began work on a $7,659,000 contract in 2025 to construct an otfice building. Sandhill uses the cost-recovery method. At December 31, 2025, the balances in certain accounts were Construction in Process $1,689,000, Accounts Receivable $231,000, and Billings on Construction in Process $1,079,000. Indicate how these accounts would be reported in Sandhill's December 31,2025 , balance sheet. (List assets in order of liquidity) Sandhill. Inc. began work on a $7,659,000 contract in 2025 to construct an office building. Sandhill uses the cost-recovery method. At December 31, 2025, the balances in certain accounts were Construction in Process $1,689,000, Accounts Receivable $231,000, and Billings on Construction in Process $1.079.000. Indicate how these accounts would be reported in Sandhill's December 31,2025 , balance sheet. (List assets in order of liquidity)