Exercise 4-5 (Algorithmic) (LO. 9) Leilei operates a sole proprietorship, using the accrual basis of tax accounting. Last year, she claimed a $23,325 bad debt deduction for a receivable from Jackie. But this year, Jackie sent her a check for $16,327, which Leilei accepted in full satisfaction of the receivable. How much gross income does Leilei record for the item this year? $