Instructions Complete the yellow worksheets in the attached workbook. I expect to see links (and formulas) between your reconciliation sheet and your tax return. If your tax return has only hard coded numbers, I will assign a grade of zero. Accounts Adjustments Taxable income Notes/Reference Page Sales Revenue Cost of Goods Sold Gross Margin Net Income per Books $1,500,000.00 ($600,000.00) $900,000.00 Dividends from 10% owned Corporation Interest from city issued bonds Capital Gains from sale of real estate $2,000.00 $500.00 $10,000.00 $500,000.00 $200.00 $6,000.00 Salary (payment to a single officer) Parking fines Organizational Expense (Total $60,000) Amortize over 10 years company started this year (1/1/2019) Bad Debt Expense (for AR allowance adjustment; 50% of accrual amount actually written off) Owner Expensed his personal trip to Las Vegas Goodwill Impairment Capital Loss from sale of equipment Warrant Expense (Actual payments = $2,000) Depreciation Expense ($10,000 piece of equipment acquired on 6/1/2019. MACRS 5 year property) Charitable Contributions Meals and Entertainment $15,000.00 $3,500.00 $0.00 $4,000.00 $1,500.00 $1,000.00 $35,000.00 $5,000.00 $1,483,700.00 $0.00 $0.00 $0.00 $0.00 Net Income before tax/Taxable income Before NOL & DRD DRD NOL Net income/Taxable Income FIT per Books/FIT per tax return Net Income per Books $350,000.00 Item Modified Taxable income Notes/Reference Page Modified Taxable income Form 1120 y U.S. Corporation Income Tax Return OMB No 145.0123 For calendar year 2019 ortayar beginning ...2... Information Form 120 india n www.ir Emalew identification number 2019 TYPE Numbers and room or una faPO box PRINT Oly or lowe r brain country and ZIP or forwa r d VIKTOR . . Or Crack ROM VAR Grass receptor sales..... . . Returns and allowances. Balance. Subtract line 1b from line 1a Cost of goods sold attach Form 1125-A) Gross profit. Subtract line 2 from line 1c. Dividends (Schedule C, line 19) Income 10 Grossrents . . . . . . Gross royalfies . . Capital gain net income (attach Schedule D (Form 1120) Net gain or loss) from Form 4797, Part II, line 17 (atach Form 4797) Other income see instructions atlach statement Total income. Addlines 3 osh 10 Compensation of officers (see instructions atach Form 1125-E) Salaries and wages (less employment credits) . . . Repairs and maintenance.. Bad debts. Rents. Taxes and licenses.. Interest Charitable contributions.. Dipruction from Farmona ad on Form Depletion.. Advertising . . . . Pension, profit-sharing, etc., plans . Employee benefit programs Domestic production activities deduction (attach Form 8903) Other deductions (attach statement Total deductions. Add lines 12 through 28. . ot boren production and spaced Sundin 27 fro Net operating loss deductions instructions).... 29a Special deductions (Schedule C, line 20) . . . . . . 28 Aline 29 29 Taxable income. Subtract line 29 from line 28. See instructions Total tax (Schedule J, Part I line 11) . Total payments and refundable credits (Schedule J, Part II, line 21) .. Estimated tax penalty. See instructions. Check if Farm 2220 is a lached Amount owed. line 32 is smaller than the total of lines 31 and 33, enter amount owed Overpayment. I line 32 is larger than the total of lines 31 and 33, enter amount overpaid Enter ut from ire you w a ita 2017 Refunded T Deductions 23a 30 Ww Sign Here For 1120 2019 Schedule C Dividends and Special Deductions (see instructions) (a) Dividends received Page 2 (c) Special deductions (b) % financed 1 Dividends from loss-than-20%-owned domestic corporations (other than de stock) . . . . 2 Dividends from 20%-or-more-owned domestic corporations (other than debit-financed stock) 50% 3 Dividends on debt financed stock of domestic and foreign corporations 4 Dividends on certain preferred stock of less-than-20%-owned public utilities . . 5 Dividends on certain preferred stock of 20%-or-more-owned public utilities - 6 Dividends from less than 20%-owned foreign corporations and certain FSCS.. 7 Dividends from 20%-or-more-owned foreign corporations and certain FSCS . . . & Dividends from wholly owned foreign subsidiaries......... 9 Total. Add lines through 8. See instructions for limitation 10 Dividends from domestic corporations received by a small business investment company operating under the Small Business Investment Act of 1958 . 11 Dividends from ved group members........ . . . 12 Dividends from certain FSCs . . . . . . . . . . - - - - - 13 Dividends from foreign corporations not included on line 3,6,7,8, 11, 12 14 Income from controlled foreign corporations under startF(flach Form(s) 5471) 15 Foreign dividend gross-up . . . . . . . . . . . . . . . . 16 IC-DISC and former DISC dividends not included on line 1.2.03. 17 Other dividends...... - - - - 18 Deduction for dividend paid on certain preferred stock of public lies ... 19 Total dividends. Add me through 17. Enter here and on page 1. line 4... 20 Total special de A lines 9, 10, 11, 12, and 18 where and on page 1. line 295 Form 1120 2019)