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Al is a medical doctor who conducts his practice as a sole proprietor. During 2022, he received cash of $357,000 for medical services. Of the

Al is a medical doctor who conducts his practice as a sole proprietor. During 2022, he received cash of $357,000 for medical services. Of the amount collected, $40,800 was for services provided in 2021. At the end of 2022, Al had accounts receivable of $99,900, all for services rendered in 2022. In addition, at the end of the year, Al received $9,500 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2023.

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a. Compute Al's gross income for 2022 using the cash basis of accounting.

b. Compute Al's gross income for 2022 using the accrual basis of accounting.

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