3:) Although Hank is retired, he is an excellent handyman and often works part time on small projects for neighbors and friends. Last week his neighbor, Mike, offered to pay Hank $650 for minor repairs to his house. Hank completed the repairs in December of this year. Hank uses the cash method of accounting and is a calendar-year taxpayer. Compute Hanks gross income for this year from each of the following alternative transactions:

A:) Mike paid Hank $250 in cash in December of this year and promised to pay the remaining $400 with interest in three months. Gross Income:

B:) b. Mike gave Hank tickets in December to the big game in January. The tickets have a face value of $50, but Hank could sell them for $550. Hank went to the game with his son. Gross Income:

C:) Mike bought Hank a new set of snow tires. The tires typically sell for $650, but Mike bought them on sale for $585. Gross Income: