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Date incorporated Employer identification number Beginning of period inventory Purchases of inventory End of period inventory January 1, 2007 2007-57445 $3,200,000 $4,500,000 $2,000,000 Gross sales Returns and allowances $12,500,000 $200,000 Other Income: Royalties Dividends received $130,000 $240,000 Costs: Repairs $150,000 Advertising $700,000 Bad debts $35,000 Employee benefits $800,000 Salary and wages to company employees $3,200,000 Compensation of corporate officers $1,300,000 Interest paid on bonds $88,365 Charitable contributions $10,000 Rent paid $265,800 Estimated total tax paid in 4 installments of $17,250 to US government during 2018, so taxes paid = $69,000 1 2 3 4 5 6 7 Inventory at beginning of year Purchases Cost of labor Additional section 263A costs (attach schedule) Other costs (attach schedule) Total. Add lines 1 through 5. Inventory at end of year. Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the appropriate line of your tax return. See instructions 1 2 3 4 5 $3,200,000 $4,500,000 $5,300,000 $1,115,800 $133,365 $14,249,165 $2,000,000 8 8 12,249,165 1c 2 3 4 Income 4 5 6 7 8 9 5 6 7 8 9 10 11 12 13 14 11 12 13 15 1a Gross receipts or sales 1a b Returns and allowances 1b c Balance. Subtract line 1b from line 1a 2 Cost of goods sold (attach Form 1125-A) 3 Gross profit. Subtract line 2 from line 1c. Dividends and inclusions (Schedule C, line 23, column (a) Interest Gross rents Gross royalties Capital gain net income (attach Schedule D (Form 1120)) Net gain or loss) from Form 4797, Part II, line 17 (attach Form 4797) 10 Other income (see instructions-attach statement) Total income. Add lines 3 through 10 Compensation of officers (see instructions-attach Form 1125-E) Salaries and wages (less employment credits) 14 Repairs and maintenance 15 Bad debts 16 Rents. 17 Taxes and licenses 18 Interest (see instructions) 19 Charitable contributions. 20 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) 21 Depletion 22 Advertising 23 Pension, profit-sharing, etc., plans 24 Employee benefit programs 25 Reserved for future use 26 Other deductions (attach statement) 27 Total deductions. Add lines 12 through 26 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 29a Net operating loss deduction (see instructions) 29a b Special deductions (Schedule C, line 24, column (c)) 29b Add lines 29a and 29b 30 Taxable income. Subtract line 29c from line 28. See Instructions 31 Total tax (Schedule J. Part I, line 11) 32 2018 net 965 ta'liability paid (Schedule J, Part II, line 12) 33 Total payments, credits, and section 965 net tax liability (Schedule J, Part III, line 23) 34 Estimated tax penalty. See Instructions. Check if Form 2220 is attached 35 Amount owed. If line 33 is smaller than the total of lines 31, 32, and 34, enter amount owed 36 Overpayment. If line 33 is larger than the total of lines 31, 32, and 34, enter amount overpald 37 Enter amount from line 36 you want: Credited to 2019 estimated tax Refunded 16 17 18 19 20 Deductions (See instructions for limitations on deductions.) 21 22 23 24 25 26 27 28 290 30 31 32 33 Tax, Refundable Credits, and Payments 34 35 36 37