Mike, a cop, was injured in the line of duty. He received the following during the current year: What is the amount that is taxable? A) $57,000 B) $66,000 C) $70,000 D) $84,000. The Cable TV Company, an accrual-basis taxpayer, allows its customers to pay by the month, by the year, or two years in advance. On December 1, 2020, the company collected the following amounts applicable to future services: What is the amount of gross income that Cable TV Company must report for 2021 ? A) $10,000 B) $54,000 C) $90,000 D) $123,000