East Corporation has gross receipts for the current year (2020) and the previous five years, as follows. 2015 $24 million, 2016 $23 million, 2017 $21 million, 2018 $30.2 million, 2019 $40.3 million, 2020 $32 million If East Corp. began business as a cash-method taxpayer, in which year would it have first been required to use the accrual method? 2020 2019 2018 2017 None of the above. In 2020, West Corporation reported $120,000 of taxable income before the net operating loss (NOL) deduction. West had an NOL carryover of $50,000 from 2018 and an NOL carryover from 2019 of $43,000. How much tax will West Corporation pay on its 2020 tax return? $10,290 $29,820 $5,964 $15,405