Thom Jones is an unincorporated manufacturer of widgets. He reports the following for 2022:

Information related to the depreciable property:

The business uses the cash method, Thom materially participates in it, and it did not make any payments that would require it to file.
Complete Thom’s 2022 Form 4562 and page 1 of his Schedule C, assuming Thom elects to expense the maximum amount possible under and uses bonus depreciation for any eligible amounts exceeding the maximum.

Data From Form 4562

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Sales Cost of goods sold $1,250,000 500,000 10,000 Office expense Depreciationa ? Legal services expense 4,000 Wages expense 196,000 Payroll and property taxes expense 30,000 Repairs and maintenance expense 20,000