For each of the following, indicate the amount of income included in 2020, 2021 and 2022

MediTech is an accrual-method, calendar-year taxpayer. On January 1, 2020 Meditech sells three contracts to provide monitoring services for its clients. The first contract covers one year of service for $7,000. The second contract covers two years of service for $13,000 and the third contract covers three years of service for $18,000. MediTech begins providing services for each of the three contracts on January 1, 2020.

MediTech is a cash-method, calendar-year taxpayer. On January 1, 2020 MediTech sells three contracts to provide monitoring services for its clients. The first contract covers one year of service for $7,000. The second contract covers two years of service for $13,000 and the third contract covers three years of service for $18,000. MediTech begins providing services for each of the three contracts on January 1, 2020.

MediTech, a cash-method individual taxpayer, purchased ABC Corp stock for $10,000 on April 10, 2020. At December 31, 2020 the stock was trading for $13,000 On December 31, 2021 the stock was trading for $ $19,000. On December 31, 2022 the stock was trading for $25,000.

Lucas' Aunt Pam died on May 10, 2020. Pam had purchased IBM stock in 2005 for $10,000. At the time of Pams death, the stock was worth $25,000. Lucas inherited IBM stock from Pams estate on December 31, 2020, when the stock was worth $19,000. The stock paid $2,000 in dividends on July 31, 2021. Lucas sold the stock for $30,000 on March 10, 2022 and did not receive any dividends in 2022.