Seamus rented an office building to Chip for $3,500 per month. On December 29, 2018, Seamus received a deposit of $4,000 in addition to the first and last months' rent Occupancy began on January 2, 2019. On July 15, 2019, Chip closed his business and filed for bankruptcy. Seamus had collected rent for February, March, and April on the first of each month Seamus had received May rent on May 10, but collected no payments afterwards. Seamus withheld $1,400 from the deposit because of damage to the property and $1,750 for unpaid rent. He refunded the balance of the deposit to Chip Requirement What amount would Seamus report as gross income for 2018? for 2019? Begin by selecting the labels to show the items that will comprise Seamus's 2018 gross income, and then enter the amounts to compute the 2018 gross income amount. (If an input field is not used, leave the input field(s) empty; do not select a label or enter a zero.) Taxable item 2018 Gross income Choose from any list or enter any number in the input fields and then click Check Answer. Seamus rented an office building to Chip for $3,500 per month. On December 29, 2018, Seamus received a deposit of $4,000 in addition to the first and last months' rent. Occupancy began on January 2, 2019. On July 15, 2019, Chip closed his business and filed for bankruptcy. Seamus had collected rent for February March, and April on the first of each month. Seamus had received May rent on May 10, but collected no payments afterwards. Seamus withheld $1,400 from the deposit because of damage to the property and $1,750 for unpaid rent. He refunded the balance of the deposit to Chip. Requirement What amount would Seamus report as gross income for 2018? for 2019? Total gross income Choose from any list or enter any number in the input fields and then click Check