Erin is considering switching her business from the cash method to the accrual method at the beginning of next year (year 1). Determine the amount and timing of her 481 adjustment assuming the IRS grants Erin's request in the following alternative a. At the end of year 0/beginning of year 1, Erin's business has $19,800 of accounts receivable and $22,800 of accounts payable that have not been recorded for tax purposes.

Erin's $481

by ...

Number of year(s)...

b. At the end of year 0/beginning of year 1, Erin's business reports $34,900 of accounts receivable and $16,300 of accounts payable that have not been recorded for tax purposes.

Erin's $481 adjustment

by... Number of year (s)