urgent

iew Policies urrent Attempt in Progress Carla Vista Construction Company had a contract starting April 2021, to construct a $37000000 building that is expected to be completed in September 2022, at an estimated cost of $34000000. At the end of 2021, the costs to date were $15640000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $8300000 and the cash collected during 2021 was $5550000. Carla Vista uses the percentage-of-completion method. At December 31, 2021, Carla Vista would report Construction in Process in the amount of O $15640000 $17020000 $1380000 $14270000