1. For 2020, Essence Company, a calendar year taxpayer, will change from using the cash method for tax purposes to the accrual method. At the end of 2019, Essence showed the following items.

Accounts receivable	$304,600
Accounts payable	182,760
Bank loan	152,300

What is the 481(a) adjustment for this change in accounting method?

2. For 2020, Essence Company, a calendar year taxpayer, will change from using the cash method for tax purposes to the accrual method. At the end of 2019, Essence showed the following items.

Accounts receivable	$200,000
Accounts payable	135,000
Bank loan	100,000

What is the 481(a) adjustment for this change in accounting method?