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INCOME TAX RETURN PROBLEM Below is the taxpayer information for Beverly Johnson: Beverly (SS# 138-09-1983, date of birth: April 2, 1985) is a self-employed consultant

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INCOME TAX RETURN PROBLEM Below is the taxpayer information for Beverly Johnson: Beverly (SS# 138-09-1983, date of birth: April 2, 1985) is a self-employed consultant whose business uses the accrual method of accounting. Her principal business code is 540700. Her business is located at 1501 Broadway, New York, N.Y., 10019. During the year, she had the following income and expense items: Income Professional Fees Earned $200,000 Expenses Office Expenses Depreciation Rent on Office Space Advertising Malpractice Insurance Utilities Travel (1,250 business miles driven) Lodgings - Hotels for business travel Taxes & Licenses Salary for her bookkeeper Meals with clients Meals with friends Supplies Accounting Fees Legal Fees Interest on Bank Loan Cellphone for biz usage Suits/Uniform $ 5,413 $ 15,250 $ 20,500 $ 7,577 $ 6,000 $ 5,850 ? $600 $5,500 $15,550 $ 10,050 $3,500 $ 5,600 $9,950 $10,250 $4,550 $1,500 $2,800 REQUIRED: Please prepare the 2020 Schedule C (see attachment) for Beverly Johnson. Round up amounts to the nearest dollar, if necessary. Use the 2020 tax rules

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