Franco is owner and operator of a cleaning service who uses the accrual method of accounting. He receives the following payments on December 31, 2017, the last business day of his tax year $5,000 Checks received from customers for services rendered during November and December 2018. The checks are deposited in his bank account on January 4, 2019 $4,000 Checks received from customers for services to be rendered during 2019. The checks are received in the morning mail and deposited in his bank account on December 31, 2018 $2,400 A check received from a customer for a service contract. The services under the contract are to be rendered in 2019. The customer met Franco at the New Years Eve party and gives Franco the check at 11:30 p.m. The check is deposited in his bank account on January 4, 2019 How much of the $11,400 collected by Franco on December 31 must be included in his 2018 gross income