Gross Income 5-47 Cash Method Eligibility. Given the facts below, indicate whether the taxpayer may use the cash method for 2016 in the following situations. a. Sweatshirt Corporation, a publicly traded corporation: annual gross receipts for 2013 and previous years were $1 million annually; gross receipts for 2014 we $3 million; and for 2015, $8 million. re ed b. Dewey, Cheatham, and Howe, a national public accounting firm, operat as a partnership. Annual gross receipts for the past five years have exceeded $50 million. McSwane, McMillan, and McClain, Inc., an architectural firm, operated as a reg- ular C corporation. Annual gross receipts for the past two years have exceeded $7 million. McSwane, McMillan, and McClain own all of the stock and perfornm c. services for the firm. d. e. Buttons and Bows, Inc., an S corporation. A trust established for John Doe. f. Plantation Office Park, a publicly traded limited partnership: annual gross re- ceipts have never exceeded $2 million. The partnership is a tax shelter