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Al is a medical doctor who conducts his practice as a sole proprietor. During 2 0 2 3 , he received cash of $ 3

Al is a medical doctor who conducts his practice as a sole proprietor. During 2023, he received cash of $391,200 for medical services. Of the amount collected, $40,800 was for services provided in 2022. At the end of 2023, Al had accounts receivable of $99,900, all for services rendered in 2023. In addition, at the end of the year, Al received $16,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2024.
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a. Compute Al's gross income for 2023 using the cash basis of accounting.
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