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William isi a propreitor who uses the cash method of accounting. During the current year, he received payments as follows:
Cash in the amount of $100 for work he did this year.
A customer agreed to pay him $200 for services performed this year but hasn't paid him yet.
A customer/friend gave him tickets to a Seahawks game valued at $250 in exchange for work done for him last year.
William found a customer's check for $170 for services performed this year that he forgot to cash.
How much income should William report on Schedule C this year?
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