Form 1120 corportate taxation 2015 each person invested 100k

Mr. X and Y each invested $100,000 to start a plumbing business on 01/01/2015 Prepare 2015 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 Partners Capital 100,000 Sales 873,000 Interest income 2,500 Dividend ( 5% owned) 1,500 Cost of sales 450,000 Salaries to X 50,000 Salaries to Y 50,000 Other salaries 85,000 Charitable Contribution 1,000 Rent 60,000 Utilities 18,000 Penalties 1,000 Advertising 24,000 Depreciation-MACRS 43,000 Contract Labor 35,000 1,140,000 Taxable Income 55,950 1,140,000