3 John Deere is eperated as a C corporation The company received an order for a $12,000 tractor from a customer on June 30, 2018 and delivered the tractor to the customer on July 31,2018. The company sont the cestomer a bill sayng they had to pay for the tractor by no later January 31, 2019. Joh, Demr mes a calendar year tax penod. Based on phone calls th the customer in December of 2018, the customer explained that it mary harve to file bankruptcy procoedings but was trying to work its way out of financial hoedship before taking that option. The customer said that at worst it would be able to pay at east $9,000 of the bill. On Javoary 15, 2019, John Deere received a check from the customer for $9,000 and was informed i# would receive no additional pryment based on the outcome of the bankruptcy ease. In addition o the transaction above, the following eccurred * A different customer paid for the same type of tractor Assuming the local John Doere's operates oncalmdar yea parposes in 2018 nd under the aerea met w and prefers to defer income tenver possible, han mount of net peofi1(loss) for tax b. perposes in 2019 (9 points) Assuming the local John Deere operates on a calendar year-end under the accrm met ed-d prefers to defer income whenever poesible, wh"unt of net profit Hereshould 6e "mofee 2018 and 2019 accrual methad net pofi1(kssy tutal rela eoothe sum of the 2018 and 2019 cash method set profit (loss) Mtal 'Lew should the sum of" answers in a and b, relate to the sum of your annwers in e, and d. Cirle the best anwer below The sum of the two years for the accrial method should be greater than the sum of the two years under the cash method The sum of the two years for the accral methed shoald be less than the sum of the two years under the cash method ill. The sum of the two years for the accreal method should be equal to the sun of the two years under the cash method 3 John Deere is eperated as a C corporation The company received an order for a $12,000 tractor from a customer on June 30, 2018 and delivered the tractor to the customer on July 31,2018. The company sont the cestomer a bill sayng they had to pay for the tractor by no later January 31, 2019. Joh, Demr mes a calendar year tax penod. Based on phone calls th the customer in December of 2018, the customer explained that it mary harve to file bankruptcy procoedings but was trying to work its way out of financial hoedship before taking that option. The customer said that at worst it would be able to pay at east $9,000 of the bill. On Javoary 15, 2019, John Deere received a check from the customer for $9,000 and was informed i# would receive no additional pryment based on the outcome of the bankruptcy ease. In addition o the transaction above, the following eccurred * A different customer paid for the same type of tractor Assuming the local John Doere's operates oncalmdar yea parposes in 2018 nd under the aerea met w and prefers to defer income tenver possible, han mount of net peofi1(loss) for tax b. perposes in 2019 (9 points) Assuming the local John Deere operates on a calendar year-end under the accrm met ed-d prefers to defer income whenever poesible, wh"unt of net profit Hereshould 6e "mofee 2018 and 2019 accrual methad net pofi1(kssy tutal rela eoothe sum of the 2018 and 2019 cash method set profit (loss) Mtal 'Lew should the sum of" answers in a and b, relate to the sum of your annwers in e, and d. Cirle the best anwer below The sum of the two years for the accrial method should be greater than the sum of the two years under the cash method The sum of the two years for the accral methed shoald be less than the sum of the two years under the cash method ill. The sum of the two years for the accreal method should be equal to the sun of the two years under the cash method