p$11-5$ Crews Cable Company provies phone, internet, television and security srvices to its customers. Crews offers a promotion where current customers can add phone and security services for an additional $$60$ per month if they sign a two$-$year contract. Customers normally keep the services for five years. The installation of phone and security equipment takes two installers four hours, including driving time. Each worker receives total pay of $$30$ per hour. In additiona, the workers install wiring, cameras, and electrical panels cosing $$550,$ which will remain in the customer homes at the end of the contract. The installers also leave in the homes cable modems, which cost $$150,$ have a six$-$year life, ad must be returned if the customer canels the services. Crews incur monthly incremental costs of $$15$ per subscribr for these services throughout the contract. On October $1,20$X$1,$ two workders complete the installation of phone and security services at the home of Frank Chalmer, and Frank Chalmers signs a two$-$year contract. Crews has a December $31$ accounting year.

$1.$ What amount of costs will be capitalized as deferred contract costs upon the signing of the contract?