Windsor Construction, Inc. experienced the following construction activity in 2021, the first year of operations. Total Contract Billings Contract Through Price 12/31/21 Cash Collections Through 12/31/21 Costs Estimated Incurred Through Additional Costs to 12/31/21 Complete X $256,000 $166,000 $151,000 $174,000 $ 59,000 Y 326,000 111,000 111,000 92,000 248,000 Z 229,000 229,000 190,000 150,000 -0- $811,000 $506,000 $452,000 $416,000 $307,000 Each of the above contracts is with a different customer, and any work remaining at December 31, 2021 is expected to be completed in 2022