Exercise 4-22 (Algorithmic) (LO. 3) Simba and Zola are married but file separate returns. Simba received $50,800 of salary and $37,900 of taxable dividends on stock he purchased in his name with the salary he earned since the marriage. Zola collected $1,300 in taxable interest on a certificate of deposit she inherited from her aunt. Compute Zola's gross income under two assumptions as to the state of residency of the couple. If an amount is zero, enter "$0". Idaho (Community Property State) South Carolina (Common Law State) Dividends Interest Salary $ Problem 4-31 (Algorithmic) (LO. 2, 5) Al is a medical doctor who conducts his practice as a sole proprietor. During 2021, he received cash of $459,600 for medical services. Of the amount collected, $52,800 was for services provided in 2020. At the end of 2021, Al had accounts receivable of $98,200, all for services rendered in 2021. In addition, at the end of the year, Al received $9,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2022. a. Compute Al's gross income for 2021 using the cash basis of accounting. $ 292,000 X Feedback Check My Work The year an item of income is subject to tax often depends upon which acceptable accounting method the taxpayer regularly employs. The three primary methods of accounting are (1) the cash receipts and disbursements method, (2) the accrual method, and (3) the hybrid method. Most individuals use the cash receipts and disbursements method of accounting, whereas most larger corporations use the accrual method. b. Compute Al's gross income for 2021 using the accrual basis of accounting. $ 300,000 X