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Stuart, a cash-basis taxpayer, operates a small retail store. His books show the following income items for the year: Sales paid, $84,357; Sales unpaid, $1,549;
Stuart, a cash-basis taxpayer, operates a small retail store. His books show the following income items for the year: Sales paid, $84,357; Sales unpaid, $1,549; and Sale of cardboard packaging to recycling company, $1,314 paid. What does Stuart report as his gross income on his Schedule C?
$87,220
$85,906
$85,671
$84,357
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