Lenser Construction is the builder on a new neighborhood of $12$ residential homes. All the homes are built in a similar style and footprint, and potential buyers are not given the authority to provide significant customization requests. Construction on the neighborhood begins on July $1,$ Year $1.$ A verbal agreement to purchase one of the homes occurs between the Baker family and Lenser on December $15,$ Year $1.$ The Baker house is completed on March $31,$ Year $2,$ and the closing is on May $18,$ Year $2.$ How and when can Lenser recognize the revenue from the sale of the Baker house?

A$.$ At a point in time, on March $31,$ Year $2.$

B$.$ At a point in time, on May $18,$ Year $2.$

C$.$ Over time, between July $1,$ Year $1,$ and March $31,$ Year $2.$

D$.$ Over time, between December $15,$ Year $1,$ and March $31,$ Year $2.$