EXERCISE 18-4 (Continued)

(b)   Construction in Process.......................................      535,000              ($935,000 – $400,000)                    Materials, Cash, Payables, etc..................                           535,000         Accounts Receivable ($900,000 – $300,000)....      600,000                 Billings and Construction in Process........                           600,000         Cash ($810,000 – ...