Bruce Ellis, a $34-$year$-$old entrepreneur, navigated a dynamic financial landscape in $2022$ with the following transactions:

Transaction Amount $($$$)$

Sales $515,000\mathrm{.}00$

Purchase $185,500\mathrm{.}00$

Final inventory $130,750\mathrm{.}00$

Beginning inventory $165,000\mathrm{.}00$

Bills:

Expense category Amount $($$$)$

Salaries $19,200\mathrm{.}00$

Payroll expenses $7,790\mathrm{.}00$

Repair and maintenance $4,860\mathrm{.}00$

Insurance expenses $7,080\mathrm{.}00$

Rental expenses $48,500\mathrm{.}00$

Utility expenses $14,380\mathrm{.}00$

Advertising expenses $29,300\mathrm{.}00$

Professional fee expenses $48,900\mathrm{.}00$

Additional Information:

In $2022,$ Bruce made estimated payments of $$51,375$ and contributed $$9,150$ to Social Security.

His $33-$year$-$old wife earned $$75,500$ with $$6,550$ withheld for income taxes.

Both Bruce and his wife opened an IRA account, contributing $$6,000$ each.

Your task is to complete Form $1040,$ Schedule C$,$ and Form $6251$ based on this financial data.