For each of the folllowing situations, indicate the amount of revenue to report for the current year ended December 31 and for the following year:

a. Sold gift certificates, collecting \(\$ 4,000\) in advance. At December 31, \$1,400 of the gifts had been claimed. The remainder were claimed during the next year.

b. Sold merchandise for \(\$ 4,400\), receiving a down payment of \(\$ 1,100\) and the customer's receivable for the balance. The company accounts for these sales by the sales method.

c. On April 1 loaned \(\$ 35,000\) at 12 percent on a three-year note.

d. Performed \(\$ 900\) of services for a high-risk customer on August 18, accounting for the revenue by the collection method. At December 31 the company had received \(\$ 200\) of the total; \(\$ 550\) was received the following year.

e. On September 1 collected one year's rent of \(\$ 12,000\) in advance on a building leased to another company.