3. Every year, Sudzy offers a series of nine trade seminars from November 1 through July 31. It receives all registration fees from participants by October 1, before the seminars begin. As of December 31, two of the nine seminars are completed, and the next seminar is scheduled for January 14-15. The expenses incurred in performing the seminars are routine each year. On the first of each month from November through July, Sudzy pays the $550 monthly rent for the seminar location. On September 16, Sudzy signs a contract with the seminar teacher, a computers expert and excellent public speaker. The contract requires Sudzy to pay the teacher $1,200 after each seminar, a total of $10,800. On October 3, Sudzy signs a contract with a local printing company, which will provide text materials for the seminars. Sudzy pays the printer $150 after each seminar's materials are delivered the day before the seminar. The amounts paid in the current year are deductible because they meet both the economic performance and all-events tests. The amounts paid in the following year are not deductible in the current year because they pass the all-events test, but fail the economic performance test and do not qualify for an exception. Complete the table below to show the amounts that Sudzy can deduct in the current year. (Enter a "0" if an amount is not deductible.) Deductible in current year Deductible in current year for Total deduction in current amounts not yet paid for amounts paid year Rent Seminar teacher compensation Printer Total Requirement b. How would your answer change if Sudzy Corporation were a cash-method taxpayer? Complete the table below to identify which of your answers from Part a will change, and the amount Sudzy can deduct in the current year assuming that Sudzy were a cash-method taxpayer. (Enter a "0" if Sudzy cannot deduct any amount in the current year.) Assuming Sudzy were a cash-basis tax payer Does your answer from Amount deductible in the Part a change? current year Transaction 1. 2. 3. Activate Windows