Bill operates a proprietorship using the cash method of accounting, and this year he received the following:

• $290 in cash from a customer for services rendered this year
• a promise from a customer to pay $162 for services rendered this year
• tickets to a football game worth $155 as payment for services performed last year
• a check for $208 for services rendered this year that Bill forgot to cash

How much income should Bill realize on Schedule C?

Multiple Choice