Rental Corp leased an apartment to a new customer, Betty, on December 27, 2024. The apartment was to rent for $700 per month for a period of 36 months beginning January 1, 2025. Betty was required to pay the first and last month's rent at the time the lease was signed. Betty was also required to pay a $1000 damage deposit (that would be fully returned if no damage occurred during the rental period). Rental Corp does not utilize Revenue Procedure 2004-34 because it is not available for rent. Rental Corp must recognize as income for the lease: Group of answer choices $0 in 2024, if Rental Corp is an accrual basis taxpayer. $0 in 2024, if Rental Corp is a cash basis taxpayer. $1,400 in 2025, if Rental Corp is a cash basis taxpayer $1,400 in 2024, if Rental Corp is an accrual basis taxpayer. $2,400 in 2024, if Rental Corp is a cash basis taxpayer