On $1$ October $2018,$ Dater Co tendered for and won an $18-$month contract to provide data management services to a customer. The contract began on $1$ November $2018.$The following costs have been incurred by Dater Co in the year ended $31$ December $2018$ in relation to the contract: Production of tender brochure $$12000$ External legal fees in relation to drafting of contract with customer $$15000$ Allocation of staff costs to tendering process $$18000$ Staff hours spent working on the customer's data management $$83000$The contract is priced in order to recover all costs of obtaining the contract.What amount is recognised by Dater Co in profit of loss in the year ended $31$ December $2018$ in respect of the contract?O $$83000$O $$98000$O $$101000$O $$110000$