[The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method at the beginning of next year. Determine the...

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Extracted text: [The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method at the beginning of next year. Determine the amount and timing of her $481 adjustment assuming the IRS grants Erin's request in the following alternative scenarios. b. At the end of this year, Erin's business reports $36,800 of accounts receivable and $13,500 of accounts payable that have not been recorded for tax purposes. Answer is not complete. Erin's $481 Adjustment Increase in net income by Number of year(s) 4