Geraldine is an accrual-basis taxpayer who has the following transactions during the current calendar tax year: Line Item Description Amount Accrued business income (except rent) $220,000 Accrued business expenses (except rent) 170,000 Rental income on a building lease for the next 6 months, received on December 1 21,000 Prepaid rent expense for six months, paid on December 1 9,000