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M DUE 12/18 Saved Help Save & Exit SU This question will be sent to...

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Accounting

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M DUE 12/18 Saved Help Save & Exit SU This question will be sent to your instructor for grading Henry works part time on auto repairs and restoration projects. This year Henry was paid $5,400 for repairs he made to his neighbor's outo, Henry's neighbor promised to pay Henrywer $2.200 in cash next year, Henry's brother borrowed $4,100 in cash in December of this year and gave him a negotiable promissory note for $4,300, due in three months with interest. Henry sold the note in January of next year for $3,500. Finally, Henry restored a car for the football conch. The coach paid him this year with a pass to next year's football games. The pass is worth $750 Compute Henry's gross income for this tax year, assuming that he uses the cash basis accounting Essay obition

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