Harrell and Smith, Inc., 204 Ambulance Street, Anywhere, CA92345, is a corporation (EIN 57-1234567) formed on January 1, 2012. Information concerning the corporation and its two shareholders follows. Ituses the tax/cash basis accounting, did not pay dividends in excess of earnings and profits, has no foreign shareholders, is not publicly traded, and has no NOL carrybacks.

Bruce Harrell (SSN412-34-5670), 1018 Lexington Downs, Anywhere, CA 92345 is a 60% shareholder. Della Smith (SSN412-34-5671), 4564 Yates Rd., Anywhere, CA92345, is a 40% shareholder. Bruce received a dividend of $60,000, and Dellareceived a dividend of $40,000. Both of these dividends are in addition to their salaries. 

Required: 

Prepare Form 1120 pages 1-5 for Harrell and Smith, Inc. Schedule D, and Form 4562 can be omitted (the information given is not sufficient to complete these forms).