On December 31, 2019, Flamingo, Inc., a calendar year accrual method corporation, accrues a bonus of $50,000 to its president a cash basis taxpayer) who owns 75% of the corporation's outstanding stock. The $50,000 bonus is paid to the president on February 4, 2020, For Flamingo's 2019 Form 1120, the $50,000 bonus will be a subtraction item on Schedule M