On December $1,2020,$ Eastern Co$.$ enters into a two$-$year contract with a customer where outside attorney costs of $$4,800$ to establish the contract were incurred. The amount is due in $60$ days. Eastern Co$.$ expects to recover the legal fees from the amounts billed on the contract. The contract does not have a renewal option. How would Eastern account for the contract cost in its year$-$end financial statements dated December $31,2020,$ assuming that payment was not made to the attorneys by this date?