Sheffield, Inc. began work on a $$6,499,000$ contract in $2022$ to construct an office building. Sheffield uses the cost$-$recovery method. At December $31,2022,$ the balances in certain accounts were Construction in Process $$1,757,000,$ Accounts Receivable $$260,000,$ and Billings on Construction in Process $$1,055,000.$

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

Sheffield, Inc.

Statement of Financial Position

December $31,2022$

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