Sidney,a Cash Basis Contractor,builds an Apartment Building for Jerry

Sidney,a cash basis contractor,builds an apartment building for Jerry.The building is completed,and the bill is given to Jerry.Jerry pays $200,000 (1/4 of the bill) in 2013.Subsequently,Jerry files suit for damages based on alleged faulty construction.Sidney is required to recognize $200,000 of income in 2013 based upon
I.Constructive Receipt Doctrine.
II.Claim-of-Right Doctrine.
III.Realization Concept.
IV.Tax Benefit Rule.

A) Statements I and IV are correct.
B) Statements II and III are correct.
C) Only statement III is correct.
D) Statements I, II, and III are correct.
E) Statements I, II, III, and IV.