2) Janey operates a business that uses the accrual method of accounting. In December of 2019, Janey engages her brother, Tim, to provide consulting services to her business, and Tim invoices Janey $5,000 (a reasonable amount) for these services. Janey pays Tim $3,000 in December 2019 and the balance the following January. Determine the amount Janey may deduct for Tim's services in 2019 assuming Tim is a cash method taxpayer.

FOR THE TAX YEAR 2019

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