Form 1120 U.S. Corporation Income Tax Return OMB No. 1545-0123 For calendar year 2018 or tax year beginning . 2018, ending 20 Department of the Treasury Internal Revenue Service Go to www.irs. gov/Form1120 for instructions and the latest information. 2018 A Check if: Name 3 Employer identification number 1a Consolidated retum [attach Form 851) Lifeonlife consol TYPE OR Number, street, and room or suite no. If a P.O. box, see instructions G Date incorporated cated return . 2 Personal holding co. PRINT [attach Sch. PH) . City of town, state or province, country, and ZIP or foreign postal code D Total assets (580 instructions) 3 Personal service corp [soo instructions) Schodule M-3 attached E Check if: (1) | Initial return 12) Final retum 3) Name change 4) Address change 1a Gross receipts or sales 18 Returns and allowances . 1b Balance. Subtract line 1b from line 1a Cost of goods sold (attach Form 1125-A) . Gross profit. Subtract line 2 from line fc . Income Dividends and inclusions (Schedule C. line 23, column (a] Interest Gross rents Gross royalties Capital gain net income (attach Schedule D (Form 1120)) Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) Other income (see instructions-attach statement) . 10 Total income. Add lines 3 through 10 11 Deductions (See instructions for limitations on deductions.) Compensation of officers (see instructions-attach Form 1125-E) 12 Salaries and wages (less employment credits) 13 Repairs and maintenance 14 Bad debts . 15 Rents 16 Taxes and licenses 17 Interest (see instructions) 18 Charitable contributions . 19 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . 20 Depletion 21 Advertising 22 Pension, profit-sharing, etc., plans 23 Employee benefit programs 24 Reserved for future use . 25 Other deductions (attach statement) 26 Total deductions. Add lines 12 through 26 . * 27 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11. 28 293 Net operating loss deduction (see instructions) - 29a Special deductions (Schedule C, line 24, column (ci) 29b Add lines 28a and 280 280 Tax, Anfordable Credits, and 30 Taxable income. Subtract line 290 from line 28. See instructions 30 Total tax (Schedule J. Part I, line 11) . 31 Payments 2018 net 965 tax liability paid (Schedule J. Part II, line 12) . 32 Total payments, credits, and section 965 net tax liability (Schedule J, Part Ill, line 23) . 33 Estimated tax penalty. See instructions. Check if Form 2220 is attached 34 Amount owed. If line 33 is smaller than the total of lines 31, 32, and 34, enter amount owed 35 Overpayment. If line 33 is larger than the total of lines 31, 32, and 34, enter amount overpaid 36 Enter amount from line 36 you want: Credited to 2019 estimated tax Refunded 37 Indor panalsos of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and boliel, it is true, comact, Sign and complete. Declaration of prepares (other than taxpayer) is based on all information of which preparer has any knowledge. May the IRS discuss this return Here with the preparer shown below? Signature of officer Date Title See instructions. | Yes No Print/Type preparer's name Preparer's signature Date Check PTIN Paid Preparer self-employed Use Only Firm's name Firm's EIN Firm's address Phone no. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 114500 Form 1 120 (2019)XYZ corp. Income statement Book For current year Income Revenue from sales $ 40, 000,000 Cost of Goods Sold (27, 000, 000) Gross profit $ 13, 000,000 Other income: Income from investment in corporate stock 300, 0001 Interest income 20, 0002 Capital gains (losses) (4,000) Gain or loss from disposition of fixed assets 3,0003 Miscellaneous income 50,000 Gross Income $ 13, 369,000 Expenses : Compensation (7,500, 000) 4 Stock option compensation (200, 000) 5 Advertising (1, 350, 000) Repairs and Maintenance (75, 000) Rent (22,000) Bad Debt expense (41,000) 6 Depreciation (1, 400, 000) 7 Warranty expenses (70,000) 8 Charitable donations (500,000) 9 Meals (18, 000) Goodwill impairment (30,000 ) 10 Organizational expenditures (44,000 ) 11 Other expenses (140, 000 ) 12 Total expenses $ (11, 390, 000) Income before taxes $ 1,979,000 Provision for income taxes (720,000) 13 Net Income after taxes $ 1, 259, 00014