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I guessed the last answer choice, I'm not quite sure if it's correct :/ Schedule D, line 16 - $1,234 Form 1041, line 9- $5,046
I guessed the last answer choice, I'm not quite sure if it's correct :/
Schedule D, line 16 - $1,234 Form 1041, line 9- $5,046 Schedule D, line 16 - $1,234 Form 1041, line 9-$5,358 Mark for follow up Question 75 of 75. ned Eileen and Sara began the Bean Buzz coffee shop in 2016 as equal partners. In 2018, their financial records included the following: $113,582 in gross receipts. $30,467 in purchases. $3,042 in beginning inventory $2,788 in inventory at the end of 2018. $21,594 in salaries for the baristas. $6,429 in general supplies. $846 for business insurance. $3,599 for a new office desk purchased on July 1, 2018 for which they did not elect bonus depreciation or a Section 179 deduction. Eileen and Sara did not take any distributions for 2018. However, they each have a guaranteed payment as a result of the capital they contributed. Eileen receives $10,000 and Sara receives $12,000. What is the cost of goods sold for the Bean Buzz for 2018 and what is the amount for their ordinary income or loss? re tolaler Form 1125-A, line 8- $30,721 Form 1065, line 22 $31,478 Form 1125-A, line 8- $52,315 Form 1065, line 22- $31,478 O Form 1125-A, line 8- $30,721 Form 1065, line 22 -$53,478 Form 1125-A, line 8- $52,315 Form 1065, line 22- $53,478 Mark for follow up Summary Save/Return Later ackStep by Step Solution
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