Question: During 2 0 2 4 , Ocean Consulting had the following transactions with its clients ( customers ) : On February 1 , 2 0

During 2024, Ocean Consulting had the following transactions with its clients (customers):
On February 1,2024, the company received cash of $10,000 from clients in payment of their account balances as of December 31,2023.
On November 1,2024, the company received $4,000 cash as payments in advance for services to be performed in 2025.
The company received a total of $26,000 in cash for services that were performed during 2024.
The company sent bills totaling $8,000 to clients for services performed during 2024; this amount was unpaid as Decemb 31,2024.
What is the amount of Service Revenue that will be reported on the income statement for the year 2024?
During 2 0 2 4 , Ocean Consulting had the

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