Instructions: Please complete the required federal corporation income tax return forms for Modern Day Clothing, In or the 2012 tax year, unless instructed otherwise, based upon the facts presented below. Also, if equired information is missing, use reasonable assumptions to fill in the gaps. Ignore any Alternative Minimum Tax (AMT) calculations or reporting. Modern Day Clothing, Inc. (MD) is organized as a corporation in the state of North Carolina and is taxed as an "S" corporation with a calendar year-end. MD operates four small boutique clothing outlet stores (family clothing stores) in the cities of Charlotte, Durham, Raleigh and Winston-Salem North Carolina. MD's address, employer identification number, date of incorporation, and effective date of its S corporation election are as follows