How do you input this information on tax form 1120?

On November 1, 2010, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows: Pet Kingdoms business address is 1010 Northwest Parkway, Dallas, TX 75225; its telephone number is (214) 555-2211; and its e-mail address is petkingdom@pki.com. The employer identification number is 11-1111112, and the principal business activity code is 453910. Janet and Kim each own 50% of the common stock; Janet is president and Kim is vice president of the company. No other class of stock is authorized. Both Janet and Kim are full-time employees of Pet Kingdom. Janets Social Security number is 123-45-6788, and Kims Social Security number is 123-45-6787. Pet Kingdom is an accrual method, calendar year taxpayer. Inventories are determined using FIFO and the lower of cost or market method. Pet Kingdom uses the straight-line method of depreciation for book purposes and accelerated depreciation (MACRS) for tax purposes. During 2021, the corporation distributed cash dividends of $250,000. Pet Kingdoms financial statements for 2021 are shown below.

*Depreciation for tax purposes is $136,000. You are not provided enough detailed data to complete a Form 4562 (depreciation). If you solve this problem using Intuit ProConnect, enter the amount of depreciation on line 20 of Form 1120.

During 2021, Pet Kingdom made estimated tax payments of $56,000 each quarter to the IRS. Prepare Pet Kingdoms corporate tax return for tax year 2021 using Form 1120 (and any other appropriate forms and schedules). Suggested software: ProConnect Tax.

Income Statement Balance Sheet \begin{tabular}{lrr} \hline Assets & January 1, 2021 & December 31, 2021 \\ \hline Cash & $1,200,000 & $1,039,461 \\ Trade notes and accounts receivable & 2,062,500 & 2,147,000 \\ Inventories & 2,750,000 & 3,030,000 \\ Stock investment & 1,125,000 & 1,125,000 \\ State bonds & 375,000 & 375,000 \\ Certificates of deposit & 400,000 & 400,000 \\ Prepaid Federal tax & 0 & 2,266 \\ Buildings and other depreciable assets & 5,455,000 & 5,455,000 \\ Accumulated depreciation & (606,000) & (712,000) \\ Land & 812,500 & 812,500 \\ Other assets & 140,000 & 128,500 \\ Total assets & $13,714,000 & $13,802,727 \\ Liabilities and Equity & January 1,2021 & December 31, 2021 \\ \hline Accounts payable & $2,284,000 & $1,840,711 \\ Other current liabilities & 175,000 & 155,000 \\ Mortgages & 4,625,000 & 4,575,000 \\ Capital stock & 2,500,000 & 2,500,000 \\ Retained earnings & 4,130,000 & 4,732,016 \\ Total liabilities and equity & $13,714,000 & $13,802,727 \\ \hline \end{tabular} Income Statement Balance Sheet \begin{tabular}{lrr} \hline Assets & January 1, 2021 & December 31, 2021 \\ \hline Cash & $1,200,000 & $1,039,461 \\ Trade notes and accounts receivable & 2,062,500 & 2,147,000 \\ Inventories & 2,750,000 & 3,030,000 \\ Stock investment & 1,125,000 & 1,125,000 \\ State bonds & 375,000 & 375,000 \\ Certificates of deposit & 400,000 & 400,000 \\ Prepaid Federal tax & 0 & 2,266 \\ Buildings and other depreciable assets & 5,455,000 & 5,455,000 \\ Accumulated depreciation & (606,000) & (712,000) \\ Land & 812,500 & 812,500 \\ Other assets & 140,000 & 128,500 \\ Total assets & $13,714,000 & $13,802,727 \\ Liabilities and Equity & January 1,2021 & December 31, 2021 \\ \hline Accounts payable & $2,284,000 & $1,840,711 \\ Other current liabilities & 175,000 & 155,000 \\ Mortgages & 4,625,000 & 4,575,000 \\ Capital stock & 2,500,000 & 2,500,000 \\ Retained earnings & 4,130,000 & 4,732,016 \\ Total liabilities and equity & $13,714,000 & $13,802,727 \\ \hline \end{tabular}