The board of directors of Crane Construction Company is meeting to choose between the cost$-$recovery method and the percentageof$-$completion method of accounting for long$-$term contracts in the company's financial statements. You have been engaged to assist Crane's controller in the preparation of a presentation to be given at the board meeting. The controller provides you with the following information:

Crane commenced doing business on January $1,2024.$

Construction activities for the year ended December $31,2024,$ were as follows:

$\backslash$table$[[$Project$,\backslash$table$[[$Total Contract$],[$Price$]],\backslash$table$[[$Billings Through$],[12/31/24]],\backslash$table$[[$Cash Collections$],[$Through $12/31/24]],\backslash$table$[[$Contract Costs$],[$Incurred Through$],[12/31/24]],\backslash$table$[[$Estimated$],[$Additional Costs to$],[$Complete Contract$]]],[$A$,$$$513,000,$$$353,000,$$$323,000,$$$437,000,$$$114,000],[$B$,733,000,223,000,223,000,214,500,500,500],[$C$,481,500,488,000,403,000,363,000,-0-],[$D$,206,500,113,000,71,500,136,000,110,000],[$E$,463,000,413,000,413,000,333,000,83,250],[$$$2,397,000,$$$1,590,000,$$$1,433,500,$$$1,483,500,$$$807,750]]$

Each contract is with a different customer.

Any work remaining to be done on the contracts is expected to be completed in $2025.$