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Camden owns an ocean-front property he rents on a weekly basis. On November 15, XX03, Camden collected $1,700 from a customer when they booked a

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Camden owns an ocean-front property he rents on a weekly basis. On November 15, XX03, Camden collected $1,700 from a customer when they booked a week's stay at the beach rental property starting July 3, XX04. The $1,700 payment included a $200 nonrefundable security deposit for having a pet stay on the property. The remaining $1,500 represented the 50% down payment. The balance of $1,500 is due 14 days prior to their stay. Camden is a cash basis taxpayer. How much rental income must Camden include on his tax return in Year XX03 and XX04? $0 in XX03; \$3.200 in XX04 $3,200 in XX03; \$O in XX04 $1,700 in XX03; \$1,500 in XX04 $200 in XX03:\$3,000 in XX04

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