Michael wants to buy the best gaming computer money can buy, so he approaches Dell Computer to build it for him. He provides them with his specifications, and they enter into a contract to sell him this high-powered computer for $10,000. Once Dell starts building the computer, they realize that several of the parts are more expensive than they realized. They honor the contract, though Dell spends $12,000 building the computer. How much must Michael recognize as gross income? Question 10 options: a) Michael must recognize $12,000 in gain as that is the value he is receiving from Dell. b) Michael does not have to recognize any amount as gross income. c) Michael must recognize $2,000 as gross income. d) Michael may recognize $2,000 as gross income in the year he received the computer from Dell, or recognize $400 over the next five years