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WFO Corporation has gross receipts according to the following schedule: If WFO began business as a cash-method corporation in Year 1 , in which year would it have first been required to use the accrual method? Multiple Choice Year 3 Year 4 Year 5 Year 6 None of the choices is correct. Roberto and Reagan are both 25-percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California. Bright Light Incorporated generated a $128,500 profit companywide made up of a $76,000 profit from the Sacramento store, a ($27,500) loss from the San Francisco store, and a combined $80,000 profit from the remaining stores. If Bright Light Incorporated is an S corporation, how much income will be allocated to Roberto? Multiple Choice $128,500.00 $64,250.00 $32,125.00 $76,000.00