Compute Marys income or deductions for 2017 using (1) the cash basis and (2) the accrual basis for each of the following: a. In May 2017, Mary paid a license fee of $1,200 for the period June 1, 2017, through May 31, 2018. b. In December 2017, Mary collected $10,000 for January 2018 rents. In January 2018, Mary collected $2,000 for December 2017 rents. c. In June 2017, Mary paid $7,200 for an office equipment service contract for the period July 1, 2017, through December 31, 2018. d. In June 2017, Mary purchased office furniture for $273,000. She paid $131,000 in cash and gave a $142,000 interest-bearing note for the balance. The office furniture has an MACRS cost recovery period of seven years. Mary did not make the 179 election and elected not to take additional first-year depreciation.