Marvins Mighty Maples, a minor league baseball team located in Vermont, sells season tickets to its games which are scheduled a year in advance. Season tickets for first tier seats are $5,000 per year. The Maples season runs from April to September. The Maples operate on the accrual basis and have a fiscal year that ends on June 30.

a. Marvins Maples may not defer that portion of the season ticket sales that relate to the next fiscal year, as prepaid income must be recognized when received.

b. Marvins Maples may defer that portion of the season ticket sales that relate to the next fiscal year, because it is an accrual taxpayer.

c. Marvins Maples may defer that portion of the season ticket sales that relate to the next fiscal year because when income will actually be earned is not required to be estimated.

d. Marvins Maples may not defer that portion of the season sales that relate to the next fiscal year because they are required to use a calendar year.