please assist with Schedule L, M-1, and M-2 on Form 1120.

  
 
 

Bizrate Electronics, Inc. A "C" Corporation For the Year Ended December 31, 2018 Bizrate Electronics was organized on February 22, 2018, by Jon Jones and Billy Burt. Jan contributed $270,000 cash and SBUX stock (acquired 01/01/2017) worth $30,000 for 60% of Bizrate stock, while Billy contributed $200,000 cash for 40% of the stock. Jon's social security number is 123-45- 6789 and Billy's is 987-65-4321 zrate's employer ID number is 12-3456789 Bizcate began business on March 1, 2018. Bizrate is a retail electronics outlet located at 118812 Josey Lane, Louisville, KY 40018 Bizrate uses the accrual method of accounting, the first-in, first-out (FIFO) inventory method, and a calendar year. Bizcates 2018 income statement, balance sheet, and statement of changes in retained earnings are on the following pages