1120 tax return form, am not confident with my response can you assist thx

BADEC Corporation

12/31/2016

Assets

Cash $485,600

Computer $7,000

AccDep-Computer $(1,745)

Furniture $3,000

AccDep-Furniture $(321)

Land $50,000

Total Assets $543,534

Liabilities

Equity

Retained Earnings $53,534

Stock-Anderson $50,000

Stock-Bacon $150,000

Stock-Cox $100,000

Stock-Day $50,000

Stock-Elders $40,000

Stock-Fawcett $80,000

Stock-Gonzalez $20,000

Total Liabilities plus Equity $543,534

Entity Type: PartnershipSub-

Entity Type: GeneralEntity

Name: BADEC

State of Formation Georgia

Entity Start Date: 4/2/2016

Tax Year Start Date:4/2/2016

Tax Year End Date:12/31/2016

Book Maintained By:Andrew Anderson

Address:10 Sysco Way Atlanta, GA 30039

Purpose of Entity: Acquire, rehabilitate and resale residential real property.

Corporate Information

Dividends Received from investment in a domestic corporations with ownership = 70%

Estimated Tax Payments $6,000

Investor Info

First Name Last Name SSN Address City State Zip Shareholder Information

Andrew Anderson 756-12-1111 10 Sysco Way Atlanta GA 30039 Shareholder

Bill Bacon 756-12-2222 20 Sysco Way Atlanta GA 30039 Shareholder

Cathy Cox 756-12-3333 30 Sysco Way Atlanta GA 30039 Shareholder

Doris Day 756-12-4444 40 Sysco Way Atlanta GA 30039 Shareholder

Elroy Elders 756-12-5555 50 Sysco Way Atlanta GA 30039 Shareholder

Farah Fawcett 756-12-6666 60 Sysco Way Atlanta GA 30039 Shareholder

Gomez Gonzalez 756-12-7777 70 Sysco Way Atlanta GA 30039 Shareholder

Investor Contribution Date Contribution 1 Contribution 2 Contribution 3 Net Contributions Sharholder Interest

First Name Last Name SSN Item Value Item Value Item Value

Andrew Anderson 756-12-1111 4/2/2016 Cash $50,000 $50,000 10%

Bill Bacon 756-12-2222 4/2/2016 Cash $150,000 $150,000 31%

Cathy Cox 756-12-3333 4/2/2016 Cash $100,000 $100,000 20%

Doris Day 756-12-4444 4/2/2016 Cash $50,000 $50,000 10%

Elroy Elders 756-12-5555 4/2/2016 Cash $40,000 $40,000 8%

Farah Fawcett 756-12-6666 4/2/2016 Cash $30,000 Land $50,000 $80,000 16%

Gomez Gonzalez 756-12-7777 4/2/2016 Cash $10,000 Computer $7,000 Furniture $3,000 $20,000 4%

Beginning Balance Sheet

BADEC Partnership Balance Sheet 4/2/2016

Assets

Cash $ 430,000.00

Computer 7,000.00

Furniture 3,000.00

Land 50,000.00

Total Assets $490,000.00

Total Liabilities

Stockholders Equity

Common Stock 490,000.00

Retained Earnings 0.00

Total Liabilities and Stockholders Equity $490,000.00

Income Statement

BADEC, Inc. Income Statement For the period: 04/02/2016 - 12/31/2016

Gross Income

Repair Revenue $100,000.00

Interest Income 600.00

Dividends (Qualified) 2000.00

Net Short-term Capital Gain 5000.00

Total Income from all sources $107,600.00

Expenses

Salaries and Wages $10,000.00

Renovation Expense 5,500.00

Rent 1,500.00

Depreciaton expense 2,065.75

Licenses 500.00

Travel Expenses 800.00

Supplies Expenses 700.00

Net Long-term Capital Loss 10,000.00

Charitable Contributions 5,000.00

Total Expenses $36,065.75

Net Income (before federal income taxes) $71,534.25

Ending Balance Sheet

BADEC INC. Statement of Retained earnings For the Period 04/02/2016-12/31/2016

Assets

Cash $485,600

Computer $7,000

AccDep-Computer $(1,745)

Furniture $3,000

AccDep-Furniture $(321)

Land $50,000

Total Assets $543,534

Liabilities

Total Liabilities $ -

Common Stock $490,000.00

Retained Earnings 53,534.25

Total Liabilities and Stockholders Equity $543,534.25