Henry Corporation keeps its books on a cash basis, and then converts amounts to an accrual basis to prepare financial statements.

Henry reported Rent Revenue of $$150,000$ in $20x3$ and $$175,000$ in $20$X$4.$ Henry's $2023$ Rent Revenue balance includes a

prepayment of $$25,000$ for rent covering January $-$ June of $2024.$ Henry's $2024$ Sales Revenue balance includes a prepayment of

$$40,000$ for rent covering January $-$ September of $2025.$ At December $31,20$X$4,$ Henry had one tenant who was three months past

due on rent payments and owed $$12,000.$

Rent Revenue to be reported on Henry's $20$X$4$ accrual basis income statement is

$$202,000$

$$175,000$

$$172,000$

$$158,000.$