Sarah, a cash-basis, calendar-year individual, is president and owns 80 percent of SRS Corporation’s stock. SRS is an accrual-basis, calendar-year C corporation. In December year 1, SRS Corporation accrued a $50,000 bonus payable to Sarah and $120,000 in bonuses payable to other employees.The bonuses were all paid on March 1, year AppendixLO1