Whispering Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex will cost $596,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $905,000. The following data pertain to the construction period. 2020 2021 2022 Costs to date. $250,320 $464,880 $608,000 Estimated costs to complete 345,680 131,120 -0- Progress billings to date 273,000 554,000 905,000 Cash collected to date 243,000 504,000 905,000