On November $1,2024,$ Taylor signed a one$-$year contract to provide handyman services on an as$-$needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $$5,280$ for the one$-$year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until $2025.$ Taylor should recognize revenue in $2024$ in the amount of

Multiple Choice

$$2,640.$

$$880.$

$$5,280.$

$$0.$