I have to prepare a partnership tax return. Requirements:

1. Prepare Pages 1-5 of Form 1065 (and any necessary supporting schedules).

2. Complete a K-1 for Priscilla.

3. Form 4562 for depreciation is not required.

4. Form 4797 is not required.

Funky Chicken General Partnership Income Statement (Per Books) For Year Ended 12/31/15 Sales Revenue COGS Gross Profit Operating Expenses: Compensation Depreciation Employment Taxes Bad Debt Expense Interest Rent Expense - Building Warranty Expense Meals & Entertainment Repairs & Maintenance Fines & Penalties Charitable Contributions Other Business Expenses $ $ $ 14,000,000 -8,000,000 6,000,000 2,200,000 260,000 240,900 50,000 129,000 36,000 150,000 45,000 237,000 60,000 300,000 75,000 (3,782,900) Other Income (Losses): Interest Received on State of Nevada Bonds Dividends Received from Coca-Cola Capital Loss on Abercrombie Stock Gain on Sale of Equipment Net Income 3,000 9,000 (18,000) 40,000 34,000 $ 2,251,100 Additional Information: 1 For tax purposes, Funky Chicken always elects to Section 179 eligible property. Funky Chicken does not have any Section 179 carryover to use. For book purposes, Funcky Chicken uses straight-line depreciation. On August 6, 2015, Funky Chicken purchased $46,000 of new office furniture. On Sept. 25, 2015, Funky Chicken purchased $64,000 of equipment. None of the depreciation is allocated to COGS (263A). 2 Funky Chicken wrote off $40,000 in accounts receivable as uncollectible during the year. 3 Funky Chicken owns