T is a C corporation and a calendar year taxpayer. T has gross receipts of $$27$ million in Year $2021,$ $$28$ million in Year $2022,$ and $$38$ million in Year $2023.$ T is not required to add to its gross receipts the gross receipts of other taxpayers and is not otherwise prohibited from using the cash method of accounting.

Required

Based solely on Checkpoint G$-2069,$ is T permitted to use the cash method of accounting in $2024?$