Wildcat Corporation uses the annualized income method to determine its quarterly federal income tax payments. It had $50,000, $25,000, and $45,000 of taxable income for the first, second, and third quarters, respectively ($120,000 in total through the first three quarters). What is Wildcat's annual estimated taxable income as of the end of the third quarter? Boise Corporation has gross receipts according to the following schedule: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $23 million $22 million $25 million $27 million $29 million $30 million If Boise began business as a cash-method corporation in Year 1, in which year would it first have been required to use the accrual method?