Gerald Bone, M.D., keeps his accounting records on the cash basis. During 2017, Dr. Bone collected $150,000 from his patients. At December 31, 2016, Dr. Bone had accounts receivable of $45,000. At December 31, 2017, Dr. Bone had accounts receivable of $35,000 and unearned revenue of $5,000. On the accrual basis, how much was Dr. Bone's patient service revenue for 2017?

Question 3 options:

a)

$135,000

b)

$105,000

c)

$140,000

d)

$145,000