Pablo died October 10, 2017. Prior to his death, Pablo had done the following: He sold and delivered a truckload of oranges to a co-op but did not receive the $3,000 payment prior to his death. The payment was made to his executor. He sold a truck to Roscoe for $5,000, but the payment was not received until after his death. Pablo's basis in the truck was $1,000. What is the amount of income in respect of a decedent for the above two payments?
A. No amount for either transaction.
B. $3,000 for the oranges and $5,000 for the truck.
C. $3,000 for the oranges and $4,000 for the truck.
D. None of the answers are correct.
Answer: C. $3,000 for the oranges and $4,000 for the truck.
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