Burt's Big Boutique Inc. reported the following on its income statement for the year ended 12/31/18:

Sales revenue$300,000

CGS125,000

Gross profit 175,000

Repairs and maintenance3,000

Depreciation15,000(tax depreciation = $25,000)

Officers salaries50,000

Other salaries25,000

Payroll tax expense8,000

Life insurance expense3,000

Business insurance expense 6,500

Meals 2,000

Municipal interest income5,000

Income tax expense4,500

Charitable donations6,000

In addition, Burt's has a $15,000 Net Operating Loss Carryover from prior years.

Required:Fill out form 1120 p1 and p5 Schedule M-1.