The Pink Diamonds Company installs fire alarm systems for large manufacturing enterprises and golf courses. Due to the design of their systems, some projects frequently extend over a twoyear period. Pink Diamonds uses the percentage$-$of$-$completion method for financial accounting purposes and the completed$-$contract method for tax purposes. The following information relates to projects started but not completed as of December $31,2017$:

$\backslash$table$[[$Customer$,$Contract Amount,for Accounting Purposes$],[$The Mountain Golf Course,$$150,000,$$