Donna manages real estate and is a cash method taxpayer. She changes to the accrual method in 2023 Donna's business income for 2023 is $35,000 computed on the accrual method. Her books show the following View the data.

Requirements a. What adjustment is necessary to Donna's income? b. How should Donna report the adjustment?

Requirement a. What adjustment is necessary to Donna's income? (Use parentheses or a minus sign for negative adjustment) The adjustment to Donna's income is Requirement b. How should Donna report the adjustment? Donna may elect to include the full amount in the current year may elect to report the adjustment over a period not to exceed ten years must agree to report the full amount in the current year must agree to report the adjustment over a period not to exceed four years Next 9:24 PM

Dorna manapes real estuhe and is a cash method taxpajor. She changes to the accrual method in 2023 Donna's brainess income for 2023 a 535,000 computed on the accrual method Her books show the following Verithedala. Requirements a. What adfustment is necessary io Donna's income? b. How sheeild Donita report the adfuatiment? Requirement b. How thould Donna repent the adfustment? Dorne mar slect a include the has amount in the coment year Data table \begin{tabular}{|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{l} Accounts receivable \\ Accounts payable \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} December 31 , \\ 2022 \end{tabular}} & \begin{tabular}{c} December 31 \\ 2023 \end{tabular} \\ \hline & $ & 20,000$ & 24,000 \\ \hline & & 19,300 & 11,500 \\ \hline \end{tabular} ent b. How shoul Print Done