2) For 2011, your other clients own a real estate business named Terry Smith Realty, of 645 Grove Street, Los Angeles, CA 90018. Gross receipts were $730,000 using the cash method of accounting. Advertising $5,000 Professional dues 800 Professional journals 200 Employee wages 45,000 Insurance on office contents 1,120 Accounting services 2,100 Miscellaneous expense 500 Utilities 3,360 Payroll taxes 3,600 Depreciation 1,000 Required: Prepare a 2011 Schedule C