Copy of CORPORATION... C ome Insert Draw Page Layout > Tell me Share Com A. % v v ipboard Font Alignment Conditional Formatting 2 Format as Table Cell Styles Number Cells Editing 6 X V fx B D E F H Mr.X and Y each invested $50,000 to start a plumbing business on 01/01/2019 3 Prepare 2019 CORPORATE Tax Return from the following information 5 Dr 6 Cash 23,000 7 Accounts Receivable 85,000 8 Investment in Stocks/Bonds 30,000 9 Equpment 185,000 10 Accumulated Depreciation 43,000 11 Accounts Payable 120,000 12 Common Stock 100,000 13 Sales 873,000 14 Interest income 2,500 15 Dividend (5% owned) 1,500 16 Cost of sales 450,000 17 Salaries to X 50,000 18 Salaries to Y 50,000 19 Other salaries 85,000 20 Charitable Contribution 1,000 21 Rent 60,000 22 Utilities 18,000 23 Penalties 1,000 24 Advertising 24,000 25 Depreciation MACRS 43,000 26 Contract Labor 35,000 27 28 1,140,000 1.140,000 29 30 Taxable income 60.250 31 Partnership Sheet + Ready w T Mr.X and Y each invested $50,000 to start a plumbing business on 01/01/2019 Prepare 2019 CORPORATE Tax Return from the following information Dr Cr Cash 23,000 Accounts Receivable 85,000 Investment in Stocks/Bonds 30,000 Equpment 185,000 Accumulated Depreciation 43,000 Accounts Payable 120,000 Common Stock 100,000 Sales 873,000 Interest income 2,500 5 Dividend ( 5% owned) 1,500 6 Cost of sales 450,000 7 Salaries to X 50,000 8 Salaries to Y 50,000 9 Other salaries 85,000 20 Charitable Contribution 1,000 21 Rent 60,000 22 Utilities 18,000 23 Penalties 1,000 24 Advertising 24,000 25 Depreciation-MACRS 43,000 26 Contract Labor 35,000 27 1,140,000 1,140,000 28 29 30 Taxable income 60,250 21