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Ontime Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($350 per year), or two years in

Ontime Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($350 per year), or two years in advance ($680). In June 2013, the company collected the following amounts applicable to future services:

July 2013-June 2015 services (two-year contracts) $68,000

July 2013-June 2014 services (one-year contracts) $70,000

Total $138,0000

How much income must Ontime report in:

2013

2014

2015

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