How much cash was collected in 2010 on this contract and what was the initial estimated total income before tax in this contract with the little info provided of AR-construction contract billings $18,000, Construction in progress $65,000 Less: Contract billings $61,500 that sums to $3,500 for Cost of uncompleted contract in excess of billings on the Balance Sheet and $19,500 for Income before tax on the contract recognized in 2010 for the Income Statement.