On December $12,2024,$ Hook Company, a calendar year, cash basis business, mailed a $$5,600$ bill to Mrs$.$ Gilder for professional services rendered during the month of November. Mrs$.$ Gilder dropped off her $$5,600$ check at Hook's office on December $28,$ but the company secretary did not deposit the check in Hook's bank account until January $3,2025.$ Which of the following statements is true?

As a cash basis taxpayer, Hook can elect to recognize $$5,600$ income in either $2024$ or $2025.$

According to the substance over form doctrine, Hook does not recognize $$5,600$ income until $2025.$

According to the constructive receipt doctrine, Hook must recognize $$5,600$ income in $2024.$

As a cash basis taxpayer, Hook does not recognize $$5,600$ income until $2025.$