Check my work James Jones is the owner of a small retail business operated as a sole proprietorship. During 2020, his business recorded the following items of income and expense: Revenue from inventory sales Cont of goods sold Business license tax Rent on retail space Supplies Wages paid to employees Payroll taxes Utilities $ 147,000 33,500 2,400 42,000 15,000 22,000 1,700 3,600 Required: a. Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in James's 2020 Form 1040 b. Compute self-employment tax payable on the earnings of James's sole proprietorship by completing a 2020 Schedule SE, Form 1040. c. Assume that James's business is not a service business, and that it has $155.000 unadjusted basis in tangible depreciable property. Calculate James's 2020 QBI deduction, before any overall taxable income limitation. Complete this question by entering your answers in the tabs below. Schedule Parta Schedule SE Part b Part Assume that James's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. Calculate James's 2020 QBI deduction, before any overall taxable income limitation. (Round your intermediate computations and final answers to the nearest whole dollar value.) James's 2020 OB1 deduction $ 5,360