Current Attempt in Progress in relation to the contract: $$233,000$ based on past experience. Coastal agrees to pay a $$1,225,000$ deposit within $10$ days of signing the contract and to pay the balance within $15$ days of the equipment being delivered.

$2.$ February $25$: Coastal pays the deposit specified in the contract.

$3.$ March $28$: TreeHold's engineering staff complete the equipment design and it is approved by officials from Coastal.

$4.$ May $18$: TreeHold completes construction of the $25$ harvesters.

$5.$ May $20$: The $25$ harvesters are loaded onto TreeHold's trucks and are delivered to Coastal's operation centre in Duncan later that day.

$6.$ June $2$: Coastal pays the balance owing on the contract.

$($a$1)125.)$

Revenue recognized on $$ $ $$

Revenue recognized on $$ $ $$

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