Problem $9($Change in Accounting Method$)$

Jason Corporation $($the Company$)$ files its income tax returns $($Federal and Virginia$)$ on the cash method of accounting. The Company maintains a calendar year. The Company$$s trial balance as of and for the year ended December $31,2021,$ is as follows.

Effective January $1,2022,$ the Company intends to change its method of accounting from the cash method to the accrual method.

Required

$$ Calculate the Company$$s net Section $481$ adjustment.

$$ Complete the following table as it relates to the Section $481$ adjustment.