Besito Company, a calendar year, cash basis taxpoyer, leases lawn and garden oquipment. During December, it received the following cash payments. To what extent does each payment represent current taxable income to Besito? Required: a. $1,352 repayment of a loan from an employee. Besito loaned $1,300 to the employee six months ago, and the employee repaid the loan with interest. b. $1,400 deposit from a customer who rented mechanical equipment. Besto must retum the entire deposit when the customer returns the undamaged equipment. c. $1,600 short-term loan from a local bank, Besto gove the bonk a writhen note to repay the loan in one year at 4 percent interest. d. $592 prepaid rent from the customer described in part (b). The rent is $8 per day for the 74 . day period from December 17 through Fobruary 28 . For all requirements, leave no cells blank - be certain to enter "o" wherever required