I need this done today by 8 pm 6/16/2015. I am using H&R software.

Forms to be turned in: Form 1065 All Pages Schedules B-1 and K-1 Form 1125-A (COGS): 1 page Form 8916 A M-3 On January 1, 200y, the Branson Company (EIN 22-2222222) and Porto Engineering,Inc. (EIN 33-3333333), formed Branto, LLC (an equally owned joint venture). During its first four years, the LLC worked with the U.S. Department of Homeland Security and the National Transportation Safety Board to design and develop a specific device for airport passenger screening. Porto provides engineering expertise, and Branson provides high-tech manufacturing, selling, and distribution expertise. Early in 2012, the two governmental agencies recommended the product. In 2013, Branto's screening device was being successfully marketed, sold, delivered, and installed in airports around the United States. The LLC uses the accrual method of accounting and the calendar year for reporting purposes. Its current address is 3750 Airport Boulevard, Seattle, WA, 98124. The following information was taken from the trial balance supporting the LLC's GAAPbasis (audited) financial statements for the 2013 calendar year: Revenues: Sales revenues $40,000,000 Interest income 50,000 Total revenues $40,050,000 Amounts related to cost of goods sold: Beginning inventory $ 2,000,000 Materials purchases 8,000,000 Labor 9,000,000 Additional 263A costs -0- Other costs: Various items 2,700,000 Book depreciation 1,275,000 Less: Ending inventory (3,000,000) Total amount of work in progress $19,975,000 Other costs not related to production: Salaries and wages $ 1,000,000 Taxes and licenses 300,000 Charitable contributions 100,000 Interest expense 200,000 Meals and entertainment (subject to 50% disallowance) 1,200,000 Travel expenses 800,000 Insurance (including key employee life insurance of $100,000) 300,000 Legal and professional fees 900,000 Office expenses 2,000,000 Sales and promotion expenses 1,500,000 Utilities 800,000 Warranty expense (increase to reserves; not fixed and determinable) 300,000 Total other costs $10,400,000 Net income per books and GAAP-basis audited financial statements $ 9,675,000 The beginning and ending GAAP-basis balance sheets for the LLC were as follows at December 31, 2013: Beginning Ending Cash $ 975,000 $ 825,000 Accounts receivable 620,000 2,600,000 Inventories 2,000,000 3,000,000 U.S. government obligations 1,000,000 1,000,000 Land 600,000 600,000 Buildings and equipment 12,000,000 19,500,000 Accumulated depreciation (6,375,000) (7,650,000) Total assets $10,820,000 $19,875,000 Accounts payable $ 420,000 $ 800,000 Other current liabilities: Operating line of credit (guaranteed by LLC members) 1,000,000 2,500,000 Warranty reserves (not guaranteed by members) 200,000 500,000 Mortgage notes on building 5,000,000 6,000,000 Capital, Branson Company 2,100,000 3,537,500 Capital, Porto Engineering, Inc. 2,100,000 3,537,500 Total liabilities and capital $10,820,000 $19,875,000 The LLC uses the lower of cost or market method for valuing inventory. Branto is subject to 263A; for simplicity, assume that 263A costs are reflected in the same manner for book and tax purposes. Branto did not change its inventory accounting method during the year. There were no write-downs of inventory items, and Branto does not use the LIFO method. The LLC claimed $2,499,270 of depreciation expense for tax purposes (book depreciation is $1,275,000). All tax depreciation expense should be reported on Form 1125-A. The LLC placed $7.5 million of assets in service during the current year; this exceeds the threshold for eligibility for a 179 deduction. Current asset additions are treated as 5-year MACRS assets. The LLC has a positive adjustment of 98,100 for AMT purposes related to tax deprecation (tax depreciation exceeds that allowable for AMT purposes.) All borrowings were used exclusively for business operations; consequently, none of the interest expense is considered investment interest expense. The LLC members were required to guarantee the debt related to the operating line of credit. The accounts payable, accrued warranty claim liabilities, and mortgage were not guaranteed by the members. The mortgage relates to the real property and is considered qualified nonrecourse financing. The partners share equally in all LLC liabilities, because all initial contributions and all ongoing allocations and distributions are pro rata. The LLC's activities are eligible for the domestic production activities deduction (DPAD). For simplicity, assume that the LLC's qualified production activities income (QPAI) is $9.5 million. The LLC's production-related W-2 wages are $10 million. Because of prior state losses and tax concessions, no current or deferred state income taxes are reported for financial purposes. No guaranteed payments were paid to either of the LLC members. Instead, the members each withdrew $3.4 million of cash during the year.None of the members contributed cash or other proerty to the LLC during the year. Both LLC members are U.S. Subchapter C corporations. Both members are classified as domestic corporation and "LLC member managers" on Schedule K-1. The IRS's business code for \"Other specialty trade contractors\" is 238900. The LLC files its tax return in Ogden, Utah. Branson Company is located at 3750 Airport Boulevard, Seattle, WA 98124 (the same as the LLC's address). The capital account reconciliation on the partners' Schedules K-1 is prepared on a GAAP basis, as is the LLC's Schedule L and M-2. On the Analysis of Income (Loss), reported on the line for limited partners. The LLC is required to file Schedule M-3, Forms 8916 A (Supplemental Attachment to Schedule M-3), and Schedule C with its Form 1065. The instructions for Schedule M-3 state that, if a line despcription is provided on page 2 or 3 of the form (or on Form 8916), an income of expense item should be reported on the M-3 regardless of whether there is a book-tax difference. a. Prepare pages 1, 4, and 5 of Form 1065 and Form 1125-A for Branto, LLC. Do not prepare Form 4562. Leave any items blank where insufficient information has been provided. Prepare supporting schedules as necessary if adequate information is provided. Prepare supporting schedules as necessary if adequate information is provided. b. Prepare Schedule M-3 and Form 8916-A (page 1 only). Do not prepare Schedule C. Hint: You will find four book-tax differences (two temporary differences and two permanent differences). c. Prepare Schedule K-1 for 50% LLC member Branson Company