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T Corporation, an accrual basis, calendar year, taxpayer provides services to customers. Services are pertomved ratably (meaning equally) over the course of the year. In

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T Corporation, an accrual basis, calendar year, taxpayer provides services to customers. Services are pertomved ratably (meaning equally) over the course of the year. 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 July 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 deducrion if any, does T recognice in 2022? b. How much income and or deduction if any, does Trecognize in 2023? c. How much income , and or deduction. if any, does T recognize in 2024

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