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oblem Set Question 17 0.5 pts owns an accounting practice (sole proprietorship). During 2020, Al received payments of $200,000. The $200,000 consists of: $30,000 payment

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oblem Set Question 17 0.5 pts owns an accounting practice (sole proprietorship). During 2020, Al received payments of $200,000. The $200,000 consists of: $30,000 payment for services rendered in 2019 but not paid by the client until 2020 $160,000 payment for services rendered and paid in 2020 $10,000 prepayment received in 2020 for services that will be rendered in 2021 In addition to the $200,000 payments received in 2020, at the end of 2020 Al held accounts receivable of $10,000, all for services rendered in 2020. What is Al's gross income for 2020 if Al is an accrual-method taxpayer and Al always elects to defer prepaid income to the maximum extent possible? 0.2 pts

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