1M, an accrual-method taxpayer using the calendar year, had the following transactions during the current year: Recovery of an account receivable written off in a prior year but that did not reduce taxes Sales to a customer who is directed to transmit the payment to M's brother Amount received in settlement of a breach of contract suit Goods shipped on consignment December 15 of the current year and sold by M's agent on January 10 of the following year What amount must M include in gross income in the current year?

17. M an arrrual-methnd taxnaver usino the calendar vear. had the following transactions during the