Primo Office Supplies has been in existence for two years (2019 and XXXXXXXXXXThe first year XXXXXXXXXXhad total gross receipts of $20 million. What is the maximum amount of gross receipts in the...

Primo Office Supplies has been in existence for two years (2019 and 2020). The first year (2019) had total gross receipts of $20 million. What is the maximum amount of gross receipts in the second year (2020) which would meet the gross receipts test and allow for the cash method of accounting?

A. $20 million

B. $26 million

C. $32 million

D. $52 million