Problem $5-49($LO $5-1)($Algo$)$

Jim recently joined the Austin Barter Club, an organization that facilitates the exchange of services between its members. This year Jim provided lawn$-$mowing services to other club members. Jim received the following from the barter club. Determine the amount, if any, Jim should include in his gross income in each of the following situations:

Note: Leave no answers blank. Enter zero if applicable.

Required:

Jim received $$299$ of car repair services from another member of the club.

Jim received a $$565$ credit that gave him the option of receiving a season pass at a local ski resort from another member of the club. However, he forgot to request the pass by the end of the ski season and his credit expired.

Jim received a $$480$ credit that can only be applied for goods or services from club members next year.