In 2021, CT Computer Corporation, an accrual-basis taxpayer, sells service contracts on the computers it sells. At the beginning of January of this year, CT Corporation sold and was paid for contracts with service to begin immediately: One for three months $200 One for 20 months $800 One for 48 months $4,000 The amount of income CT Corporation must report for tax purposes for 2022 is $3,320. $1,320. $1,680. $5,000.