RTY is a caiendar year corporation. On December 12. RTY bllled a client $17,800 for services rendered during October and November. It had not recelved payment by December 31, On December 10, RTY recelved a $4,000 check from a tenant that leases office space from the corporation. The payment was for next year's January and February rent. Required: a. If RTY is a cash basis taxpnyer, how much income should it recognize from the given transactions this year? b. If RTY is an accrual bosis toxpayer, how much income should it fecognize from the given transactions this year? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. RTY is a calendar year corporation. On December 12, RTY baled a client $17,800 for servlces rendered during October and November. It had not recelved payment by December 31. On December 10 , RTY recelved a $4,000 check from a tenant thet leases offlice space from the corporation. The payment was for next year's danuary and February rent. Required: a. If RTY is a cash bosis taxpayet, how much income should it recognize from the given transactions this year? b. If RTY is an occrual basis taxpayer, how much income should it recognize from the given transactions this year? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If ATY is an acerual basis taxpayer, how much income should it recognize from the given trancoctions this year