Answer:
AI's gross income for 2019 using the cash basis of accounting is $345,200
Explanation:
The computation of the gross income using the cash basis of accounting is shown below:
= Cash received for medical services + advance payment received from a health maintenance organization (HMO)
= $334,200 + $11,000
= $345,200
The other items values are related to the accrual basis of accounting, So we do not consider in the computation part