Kingbird, Inc. began work on a $$6,818,000$ contract in $2022$ to construct an office building. Kingbird uses the cost$-$recovery method. At December $31,2022,$ the balances in certain accounts were Construction in Process $$1,686,000,$ Accounts Receivable $$222,000,$ and Billings on Construction in Process $$1,034,000.$

Indicate how these accounts would be reported in Kingbird's December $31,2022,$ statement of financial position. $($List assets in reverse order of liquidity.$)$

Kingbird, Inc.

Statement of Financial Position

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Accounts Payable

Accounts Receivable Billings

Cash

Construction in Process

Costs in Excess of Billings

hours ago,

Attempts: $0$ of $3$ used Inventories

tted on the due date, Auto$-$