Copper Corporation, a C corporation, had gross receipts of $26,000,000 in 2017, $27,000,000 in 2018, and $24,000,000 in 2019. Gold Corporation, a personal service corporation (PSC), had gross receipts of $25,000,000 in 2017, $28,000,000 in 2018, and $26,000,000 in 2019. Which of the corporations will be allowed to use the cash method of accounting in 2020?

a.Copper Corporation only.

b.Gold Corporation only.

c.Both Copper Corporation and Gold Corporation.

d.Neither Copper Corporation nor Gold Corporation.