Question: On September 1 , 2 0 2 4 , Alana's Yoga Studio, an accrual basis, calendar - year taxpayer, sold a 2 8 - month

On September 1,2024, Alana's Yoga Studio, an accrual basis, calendar-year taxpayer, sold a 28-month membership (service) to Dennis. The membership costs $200 per month, and Dennis prepaid the entire membership cost up front (28 months x $200 per month).
As part of the membership, Dennis receives 4 yoga classes per month for 28 consecutive months. The membership began on September 1,2024.
What amount of income does Alana's Yoga Studio recognize in 2024 as a result of the membership sold to Dennis if Alana's defers prepaid income to the maximum extent possible?

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