Kelsey Corp. is an accrual basis, calendar-year domestic corporation that is not part of a consolidated group. In the current tax year, Kelsey had over $15 million in gross receipts and ended the year with $9 million in total assets. Which schedule for reconciliation of book income to taxable income should Kelsey file with its corporate tax return for the current year? A. Schedule M-1. B. Schedule M-2. C. Schedule M3. D. Depends on how many years the corporation has been in existence. Which of the following actions would most likely cause a company to establish nexus with a state for state ncome tax purposes? A. Selling tangible personal property within the state. B. Hiring independent contractors to solicit sales in the state. C. Purchasing raw materials from a supplier within the state. D. Buying an office building in the state to conduct business