Fill Form 1120 Case: Pradera, Inc. (not a real company, fill to learning purposes only). Pradera, Inc. is a for-profit company registered as a corporation, with employer social security number 66-2854378, incorporated on January 2, 1994. The address of this company is 90 Avenida Esperanza, San Juan, 00950. According to the company's books, there were the following items both at the beginning of the taxable year and at the end.

Balance item at the beginning of the year January 1 Balance at the end of the year December 31 Sales _______________________________________________$15,000,000 Materials $1,000,000 ___________________________________1,500,000 Items in process 500,000 ________________________________900,000 Finished items 10,000,000 _______________________________12,000,000 Purchase of materials ___________________________________500,000 Direct wages __________________________________________1,000,000 Other direct costs______________________________________ 450,000 Operational expenses Salaries, commissions and bonuses to employees_____________ 2,000,000 Federal Social Security___________________________________620,000 Medical insurance_______________________________________ 300,000 Insurance______________________________________________150,000 Rent__________________________________________________ 30,000 Personal property tax_____________________________________ 10,000 Tax on real property______________________________________ 10,000 Car expenses___________________________________________50,000 Travel expenses_________________________________________ 10,000 Professional services_____________________________________ 150,000 Contributions to pension plans or other plans___________________ 50,000 Depreciation____________________________________________ 15,000 Donations______________________________________________ 50,000 Repairs________________________________________________ 60,000 Marketing expenses______________________________________ 150,000

Other data: The company did a charity to a recognized non-profit entity for $5,000. In addition, an estimated $70,000 in contributions were paid during the year. The corporation, classified as a medium-sized company, obtained a $100,000 loan and bought a store for $80,000 on January 12 of the taxable year in which the return is filed. The store was sold for $110,000 on June 30 of the same year and had a sales expense of $5,000.