Tumer Construction entered into a long term fixed price contract to construct a convention center for $10,700,000. In year 1 of the contract, Turnier incurred $3,000,000 of cost. Turner's engineers determined that it will take an additional $5,000,000 to finish the project. During the first year, Turner billed to the customer $4,000,000 and collected $3,400,000 by the end of the year. How much should Turner report as their balance of Accounts Receivable at the end of year 17 Assume that Turner uses the completed-contract method