Farmer John, a cash-basis taxpayer, bought $3000 of cattle feed in Year 1 for use in Year 2. John's other farming expenses for Year 1 amounted to $2000. In prior years he also had prepaid expenses in excess of non-prepaid expenses. How much and when is the cattle feed deductible?
Year 1 Year 2
A. $0 $1000
B. $0 $3000
C. $1000 $2000
D. $3000 $0