Use the information below to answer questions $12$:

Chris runs CJM$,$ a small retail marketing business, as a limited liability company that is taxed as a sole proprietorship. CJM currently uses the cash method of accounting. After nine years in the business, the company has grown to a point where Chris believes he should switch to the accrual method of accounting. The business currently has $$45,000$ in accounts receivable that were not reported in income last year, because he operated the business on a cash basis. Also, he has $$11,500$ in accounts payable that were incurred in the prior year but were not deductible because no payment was made on them.

$1.$ In Chris's particular situation

A$.$ his filing of Form $3115$ must first be amended

B$.$ the IRS will grant automatic approval and consent for the accounting change

C$.$ a six$-$month waiting period is required before any request of this nature can be acted upon

D$.$ the IRS will have to check all preliminary applications before consent, which is not automatic, is given

$2.$ Does he have to make any adjustments to his income when the approval is granted? If yes, how much?