Long$-$Term Contracts

In $2019,$ Dreyer Corp. began construction work under a $3-$year contract, which represents a single performance obligation. The contract price is $$800,000,$ and the performance obligation is satisfied over time. The financial statement presentations relating to this contract on December $31,2019,$ follow:

Balance Sheet

Accounts receivable $$15,000$

Construction in progress $$50,000$

Less: Progress billings $(47,000)$

Cost of uncompleted contract in excess of billings $3,000$

Income Statement

Gross profit $($before tax$)$ on the contract $$10,000$

Required:

$1.$ How much cash did Dreyer collect during $2019?$

$fill in the blank $1$

$2.$ What percentage complete is Dreyer as of the end of $2019?$ Round your answer to two decimal places.

fill in the blank $2$

$\%$

$3.$ What is the estimated gross profit before tax on the contract as of the end of $2019?$

$fill in the blank $3$