form 1040

Instructions Comprehensive Problem 3-2A Russell (birthdate February 2, 1969) and Unda (birthdate August 30, 1974) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited (EIN: 32-1456789). The business is operated out of their home, located at 1234 Cherry Lane, Nampa, ID 83687. The principal business code is 561730. Russell's bookkeeper provided the following income statement from the landscaping business: Lawns and Landscapes Income Statement 12/31/2020 Current Period 1/1/2020 to 12/31/2020 Prior Period 1/1/2019 to 12/31/2019 REVENUES $71,998 $82,350 34,600 48,576 8,001 17,100 134,050 128,575 Lawn maintenance Lawn and plant installation Other TOTAL REVENUES COST OF SERVICES Salaries Payroll Taxes Equipment Rental Maintenance (Equipment) Special clothing and Safety Shoes Contract Labor 83,433 78.445 6,700 6,432 10,651 12,600 8,435 8,300 660 200 7.780 6,790