Question: Current Attempt in Progress Wildhorse, Inc. began work on a $6,588,000 contract in 2020 to construct an office building. Wildhorse uses the completed-contract method. At

 Current Attempt in Progress Wildhorse, Inc. began work on a $6,588,000

Current Attempt in Progress Wildhorse, Inc. began work on a $6,588,000 contract in 2020 to construct an office building. Wildhorse uses the completed-contract method. At December 31, 2020, the balances in certain accounts were Construction in Process $1,835,000, Accounts Receivable $240,000, and Billings on Construction in Process $945,000. Indicate how these accounts would be reported in Wildhorse's December 31, 2020, balance sheet. (List assets in order of liquidity.) Wildhorse, Inc. Balance Sheet

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