2 0 of 2 Required information [The following information applies to the questions displayed below) Stephanie began her consulting business this year, and on April 1 Stephanie received a $9,000 payment for full payment on a three-year service contract (under the contract, Stephanie is obligated to provide advisory services for the next three years). Stephanie has elected to use the accrual method of accounting for her business. (Leave no answers blank. Enter zero if applicable.) ped b. What is the minimum amount of income Stephanie will recognize next year for tax purposes? cok Recognized income 3 of 2 Required information [The following information applies to the questions displayed below.) This year William provided $4,200 of services to a large client on credit. Unfortunately, this client has recently encountered financial difficulties and has been unable to pay William for the services. Moreover, William does not expect to collect for his services. William has written off the account and would like to claim a deduction for tax purposes (Leave no answers blank. Enter zero if applicable.) oped a. What amount of deduction for bad debt expense can William claim this year if he uses the accrual method? ok Deductible amount