Preparation of tax retums and related schedules can be very helpful in terms of integrating and applying tax concepts. To that end: please prepare the appropriate tax forms and schedules for the problem below. You may use the softuare provided Mith your textbook or prepare the forms by hand. Instructions for all fonns and schedules may be obtained from the IRS website. A hard copy of your solution with schedules and forms in proper attachment order (stapled or clipped) is to be submitted in class. Check figure: Taxable Income (line 30) On November 17 2001, Autumn Leigh and Aaron Johns formed Sportico, Inc. to sell sporting goods. Peninent information regarding Sportico: Inc. is summarized as follows Sportico Inc. ' s business address is 2120 Rebecca Lane: Great Falls, Montana 59401 ; its telephone number is (575) 541-1122; and its email address is 451110 Autumn is president of the company, and Aaron is vice president. Aaron and Autumn are lll-time employees of Sportico: Inc. Autumn' s Social Security number is 123-45-6789, and Aaron's Social Security number is 987-65-4321. Sportico: Inc. is an accrual method: calendar year taxpayer. Inventories are determined using FIFO and the lower of cost or market method. Sportico, Inc. uses the straight-line method of depreciation for book purposes and accelerated depreciation (NIACRS) for tax purposes. Sportico: Inc. s income statement for 2018 is shown on page 2. Sportico, Inc. 's balance sheet is as follows: Cash Accounts receivable Stock investment State of Montana bonds Certificates of De Prepaid federal tax Buildin s and other d able assets Accumulated d eciation Land Other assets Total assets Accounts Other cuffent liabilities Mon es Ca ital stock Retained E Total liabilities and 1, 2018 375,000 400,000 727,000 812,500 140,000 12 943 ooo 1752000 12 43 ooo December 31: 2018 400,000 3,977 812,500 178.500 13 75 20 13 75 20