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Check my work 20 Required information Part 1 of 4 IThe following information applies to the questions displayed below On April 1 of year O Stephanie received a $9,000 payment for full payment on a three- year service contract (under the contract Stephanie is obligated to provide advisory services for the next three years) (Leave no answers blank. Enter zero if applicable.) 015 potnts o. What amount of income should Stephante recognize in year O if she uses the accrual method of accounting (she recognized $2,250 for financial accounting purposes)? eBook Print References Recognized income 21 Required information The following information applies to the questions displayed below.) Part 2 of 4 On April 1 of year 0 Stephanie received a $9,000 payment for full payment on a three year service contract (under the contract Stephanie is obligated to provide advisory services for the next three years) (Leave no answers blank. Enter zero if applicable.) 0.15 points b. What amount of income will Stephanie recognize in year 1 if she uses the accrual method of accounting? eBook Print References Required information (The following information applies to the questions displayed below Part 3 of 4 On April 1 of year O Stephanie received a $9,000 payment for full payment on a three- year service contract (under the contract Stephanie is obligated to provide advisory services for the next three years) (Leave no answers blank. Enter zero if opplicable.) 015 points eBook Print References c. What amount of income will Stephanie recognize in year 2 if she uses the accrual method of accounting? 23 Required information The following information applies to the questions displayed below Part 4 of 4 On April 1 of year O Stephanie received a $9,000 payment for full payment on a three- year service contract (under the contract Stephanie is obligated to provide advisory services for the next three years). (Leave no answers blank. Enter zero if applicable.) 0.2 points d. What amount of income will Stephanie recognize in year O it she recognizes $5,000 of income from the contract for financial statement purposes? Print References

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