Swifty Construction Company changed from the completed$-$contract to the percentage$-$of$-$completion method of accounting for longterm construction contracts during $2021.$ For tax purposes, the company employs the completed$-$contract method and will continue this approach in the future. $($Hint: Adjust all tax consequences through the Deferred Tax Liability account.$)$ The appropriate information related to this change is as follows.

$\backslash$table$[[$Pretax Incomefrom:,$],[,$Percentage$-$of$-$Completion,Completed$-$Contract,Difference$],[2020,$$$750,000,$$$623,000,$$$127,000$