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3. Prepaid Income. (Obj-1) Scott operates a fitness center as a sole proprietorship. On May 1,2022, Scott sells a 24 -month membership for $1,200. 2.

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3. Prepaid Income. (Obj-1) Scott operates a fitness center as a sole proprietorship. On May 1,2022, Scott sells a 24 -month membership for $1,200. 2. How much of the $1,200 must Scott report on his 20222024 tax returns if he uses the accrual method of accounting? b. How would your answer to Part a change if Scott uses the cash method

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