Summer Haven Construction Co$.$ uses the percentage$-$of$-$completion method to recognize revenue on long$-$term construction contracts. In $20$X$1,$ the company contracted with The Big Group to build an apartment complex for $$16,800,000.$

Summer Haven has compiled the following information for the project at December $31,20$X$2$:

$\backslash$table$[[,$At December $31],[,201,202$