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3). Fill out schedule C. Mary Jones sells auto parts. She started this year in business. This year her revenues are $36,000. She has auto expenses of $3,000.She also has supplies in the amount of $8,000 and insurance cost of $3000 purchases are $20,000 and her ending inventory is $6,000. What i profit or loss? Profit or Less From Business 1 8 they life r m PartIncom Form W-2 and the "Statutory employee box on that lorm was ehecked Do 2 Retums and allowances 3 Subtract line 2 from ne 1 Cost of goods sold (rom ine 42) 5 Gross profit. Subtract line 4 from ine 3 6 Other income, inoluding federal and state gasoline or fuel tax credit or netund isee instruction for business use of your home only on ine 30 18 Office expense (see istructions1a 19 Pension and profi-sharing plans 20 Rent or lease (see instructions 10 9 Car and truck expenses (see s and fees 11 b Other business property Contract labor (see instructions) Depletion 21 Repairs and maintenance Supplies (not included in Part 22 22 23 24 Depreclation and section 175 Taxes and licenses Travel and meals: included in Part i (see 13 a Travel 24a Employee benefit programs other than on lino 19) surance fother than health) 15 terest (see instructions): tgage (paid to banks, etc.) 16a 14 b Deductible meals (see 25 Utilities . 26 27a Other expenses (from line 48) 24b 25 Wages Gess employment credits).26 16b 27a b Reserved for future use27b 28 services 17 l and l expenses before expenses for business use of home. Add lines 8 through 27a tive profit or (loss). Subtract line 28 from line 7... ses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 using the simplified method (see instructions). ied method filers only: enter the total square footage of: (a) your home: he part of your home used for business: Worksheet in the instructions to figure the amount to enter on line 30 t or (loss). Subtract line 30 from line 29. enter on both Schedule 1 (Form 1040), line 12 (or Form 1040NR, line 13) and on Schedule SE, u checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. you must go to line 32. loss, check the box that describes your investment in this activity (see instructions). 29 Use the Simplified 30 31 ked 32a, enter the loss on both Schedule 1 (Form 1040), line 12 (or Form 1040NR, n Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). sts, enter on Form 1041, line 3 32a All investment 32bSome investm at risk. d 32b, you must attach Form 6198. Your loss may be limited. ion Act Notice, see the separate instructions. Cat. No. 11334 Schedule C (For
