Bonnie opens a computer sales and repair service during the current year. Her records for the year..

Bonnie opens a computer sales and repair service during the
current year. Her records for the year show:

Bonnie has computers on hand on December 31 that cost
$40,000 and have a retail selling price of $65,000.

Bonnie needs help figuring her taxable income. Is more than
one income figure possible? If so, explain why, and compute taxable income
under the various methods