Question $2$

During $2021,$ Ocean Consulting had the following transactions with

its clients $($customers$)$:

On February $1,2021,$ the company received cash of $$5,200$ from

clients in payment of their account balances as of December $31,$

On November $1,2021,$ the company received $$2,200$ cash as

payments in advance for services to be performed in $2022.$

The company received a total of $$14,000$ in cash for services that

were performed during $2021.$

The company sent bills totaling $$4,200$ to clients for services

performed during $2021$; this amount was unpaid as December $31,$

What is the amount of Service Revenue that will be reported on the

income statement for the year $2021?$

$$23\mathrm{.}400$