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Gross Sales $ 32,000,000.00 Cost of Goods Sold 20,360,000.00 Gross Profit 11,640,000.00 Other Income: Dividends 65,000.00 Interest 20,000.00 Tax-Exempt Interest 6,000.00 Capital Loss (22,000.00) Total
| Gross Sales | $ 32,000,000.00 | ||
| Cost of Goods Sold | 20,360,000.00 | ||
| Gross Profit | 11,640,000.00 | ||
| Other Income: | |||
| Dividends | 65,000.00 | ||
| Interest | 20,000.00 | ||
| Tax-Exempt Interest | 6,000.00 | ||
| Capital Loss | (22,000.00) | ||
| Total Income | 11,709,000.00 | ||
| Expenses: | |||
| Salaries and Wages | 800,000.00 | ||
| Charitable Contributions | 40,000.00 | ||
| Meals | 54,000.00 | ||
| Total Expenses | 894,000.00 | ||
| Net Income Per Books | $ 10,815,000.00 |
How to file out form 1120 with this information
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