A contractor submits a billing based on the percentage of completion method using: Project amount = $375,000; amount of previous payments = $60,000; percent complete 35%, retainage = 10%. What is the net amount of this billing?

A contractor submits a billing based on the percentage of completion method using: Project amount = $375,000; amount of previous payments = $60,000; percent complete 35%, retainage = 10%. What is the net amount of this billing?