On June $15,$ Year $1,$ a company entered into a long$-$term construction contract to build a sports arena for $$260$ million. The expected completion date is April $1,$ Year $3,$ just in time for the Year $3$ sports season. Costs incurred and estimated costs to complete at year$-$end for the life of the contract are as follows $($ $ in millions$)$:

$\backslash$table$[[,$Year $1.,$Year $2,$Year $3],[$Costs incurred during the year,$$60,$$$80,$$$65$

June $15,$ Year $1,$ a company entered into a long$-$term construction contract to build a sports arena for $$260$ million. The expec ipletion date is April $1,$ Year $3,$ just in time for the Year $3$ sports season. Costs incurred and estimated costs to complete at ye the life of the contract are as follows $($ $ in millions$)$:

$\backslash$table$[[,$Year $1.,$Year $2,$Year $3],[$osts incurred during the year,$$60,$$$80,$$$65$