Which of the following businesses must use the accrual method of accounting? I. Chicken, Inc., a restaurant chain with annual gross receipts of $26,000,000. II. Tours, a general partnership with annual gross receipts of $4,500,000, that provides tours of the Sedona mountains. III. Appraisers, Inc., a real estate appraising company, that has had average gross receipts of $23,000,000 since its inception three years ago.

Group of answer choices

I only

I and II only

I and III only

I, II, and III