In December 2022, Liang Ltd. receives a cash payment of $3,000 for services performed in December 2022 and a cash payment of $4,000 for services to be performed in January 2023. Liang also receives the December utility bill for $500 but does not pay this bill until 2023. For December 2022, under the accrual basis of accounting, Liang would recognize: a. $3,000 of revenue and $500 of expense. Ob. $7,000 of revenue and $500 of expense. Oc. $7,000 of revenue and $0 of expense. Od. $3,000 of revenue and $0 of expense