I need help with this 1120 Tax Return Problem. Thanks!

1120 Problem Willy Wonka (SSN: 999-88-7145) is the sole shareholder of Yummy, Inc., a candy company. He also has 2 other employees. Yummy' s financial information for 2016 and selected from 2015 is as follows: 2015 2016 Cash 47,840 ? Inventory 9,607 Accounts receivable 48,100 123,104 Prepaid Expenses Other investments US Treasury Securities Tax Exempt Securities 8,333 100,000 25,000 20,000 17,582 100,000 25,000 20,000 Equipment and buildings Accumulated depreciation 138,203 (84,235) 185,348 (99,489) Land 2,000 Total assets 314,848 Accounts payable 42,500 Notes payable in 2017 4,500 Notes payable long-term 26,700 24,300 Capital stock 30,000 30,000 Retained earnings 211,148 ? Total liabilities & stockholder's equity 314,848 ? 3,467 2,000 ? 72,300 2,100 Other information: Sales 2,410,000 Interest Income 100,000 Dividend Income Beginning Inventory Direct Labor Direct Materials Purchase 15,000 Direct Other Costs Ending Inventory 493,546 Salaries and Wages 442,103 Officer Salary 150,000 Repairs Depreciation Expense 206,106 15,254 Interest Expense 35,222 Rent Expense (operating) 40,000 Taxes - state income and property 65,101 Charitable contributions 35,000 Advertising Expenses 20,000 Payroll penalties 15,000 Other deductions 58,899 Federal Income Taxes 88,189 9,607 403,102 278,143 3,467 Interest income includes $10,000 from U.S. Government bonds and $5,000 from California State bonds. The dividends were from Wrapper Designs, Inc. Yummy owns 5% of Wrapper's stock. Depreciation listed above is for book purposes. For tax purposes, Yummy elects Section 179 for any eligible assets purchased during the year. In 2015, the company purchased and placed in service used equipment (7 year property) on June 1 costing $12,000. MACRS depreciation for assets placed in service prior to 2015 totaled $2,000. Interest expense includes $32,222 for an operating loan and $3,000 for a loan to purchase the California state bonds. Yummy distributed $100,000 in dividends to Wonka during 2016. Hint: Yummy does not record deferred taxes. Yummy is located at 28 Candy Highway, Candy, California, 12546. Its employer identification number is 12-345678. The corporation was formed on 7/5/2000. They are on the accrual basis of accounting with a December 31 year end. Timely quarterly federal estimated tax payments of $14,000 each were made for 2016. Yummy's 2015 federal tax was $55,000. Prepare all required forms and schedules. Note: read the 1120 line instructions as you are completing the form 1120. If there is a line we have not studied at all, that should be ignored or marked no on the questions. The instructions lead you to all other required forms. Submit the completed return and schedules via a single PDF as per instructions. Do not submit form instructions