As of December 31, 2021, TJ Smoothie Co, Inc. generated $150,000 of revenue. For the same period, TJ Smoothie Co., Inc. had the following expenses: $25,000 in food ingredients $1,000 signing bonus to Paula $2,000 in cups / straws / utensils $2,500 in meals & entertainment $5,000 in equipment (juice presses, blenders, etc.) $1,000 in utilities $10,000 in employee salary $2,000 in tax exempt municipal bond interest $3,000 federal income taxes paid b) Assume TJ Smoothie's E&P was a deficit of $25,000 in 2021 and positive $80,000 in