4. Prepaid Income. (Obj. 1) Scott operates a fitness center as a sole proprietorship. On May 1, 2018, Scott sells a 24-month membership for $1,200. a. How much of the $1,200 must Scott report on his 2018-2019 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