T Corporation, an accrual basis, calendar vear, taxpayer provides services to customers. Services are performed ratably (meaning equally) over the course of the vear. In 2022. T sold one 12 month, one 24 month and one 36-month contract (i.e. services to be provided over the life of the contract) for which T was pre-paid. and one 48-month contract which was purchased on credit (not paid for immediately). Each contract was $2,000 per month, and T began services on July 1 of 2022. Meaning T received 24,000 for the 12-month contract. $48.000 for the 24-month contract, and $72.000 for the 36-month contract on Jul 1 of 2022, and received $2,000 of the first day of each month, for 48 months, for the 48-month contract. On May 1 of 2024. T realized that the purchaser of the 48-month contract (who had not made any payments), was broke, and would not make any payments ever.

a. How much income and or deaucton iif any; does T recognize in 2022?

b. How much income and or deduction if anv. does Trecognize in 2023?

c. How much income and or deduction if any, does Trecognise in 2024?