It is corporation tax return in form 1120. I need the solution please!

Scenario Information The Musical Corporation files Form 1120 annually. The company was incorporated on June 7, 2003 in New York. The Musical Corporation owns a musical instrument store. The corporation files return using a calendar year and uses the accrual method of accounting Corporation Information Name - The Musical Corporation EIN - 40-0006011 Email Address - Musicalco a 1040.com - 353 Harmonica St, New York, NY 10021 - 828-524-8020 Phone OFFICER INFORMATION OFFICER NAME SSN OFFICER TITLE SALARY PHONE: EMAIL ADDRESS: Bongo Drum 400-00-1441 President $50,000 828-524-8020 Drum@1040.com 220 Harp Circle New York, NY 10001 Bongo Drum will sign the tax return. He owns 100% of the total, common, and preferred stock. He also devoted 100% of the time to the corporation Bongo's start date with the corporation was June 7, 2003. INCOME Gross Receipts Returns & Allowances $456,200 $7,000 The corporation's total gross receipts for the tax year were not less than $250,000 and its total assets at the end of the year were less than $250,000. DEDUCTIONS Accounting Advertising Building Insurance Cell Phone Commissions Janitorial Legal Service Liability Insurance $2,000 $2,000 $3,000 $800 $3,000 $1,500 $3,500 $2,000 Office Expense Repairs Salaries Telephone Utilities $500 $5,000 $36,000 $1,000 $7,000 COST OF GOODS SOLD (Section 263A does not apply) Beginning Inventory $55,000 Purchases $326,440 Ending Inventory $67,000 The method used to valuing inventory is lower of cost or market. There was no change in determining inventory. BALANCE SHEET Assets Beginning $76,821 Cash Federal Income Tax Receivables Ending $80,053 $2,028 Accounts Payable Common Stock Retained Earnings Unappropriated Liabilities Beginning $75,000 $20,000 $46,648 Ending $75,000 $20,000 $57,033 DEPRECIABLE ASSETS Description Cost Method Asset 1 Asset 2 Asset 3 Asset 4 Asset 5 Date in Service 07/13/2016 02/14/2010 08/22/2017 09/22/2018 11/22/2015 $21,500 $5,200 $12,400 $66,000 $56,000 MACRS MACRS MACRS MACRS MACRS Prior Depreciation $16,856 $5,200 $6,074 $18,857 $41,423 ESTIMATED TAX PAYMENTS FOR 2019 Payment Payment Date 04/15/2019 06/15/2019 09/15/2019 12/15/2019 Amount $1,000 $1,000 $1,000 $1,000 $4,000 Total Scenario Information The Musical Corporation files Form 1120 annually. The company was incorporated on June 7, 2003 in New York. The Musical Corporation owns a musical instrument store. The corporation files return using a calendar year and uses the accrual method of accounting Corporation Information Name - The Musical Corporation EIN - 40-0006011 Email Address - Musicalco a 1040.com - 353 Harmonica St, New York, NY 10021 - 828-524-8020 Phone OFFICER INFORMATION OFFICER NAME SSN OFFICER TITLE SALARY PHONE: EMAIL ADDRESS: Bongo Drum 400-00-1441 President $50,000 828-524-8020 Drum@1040.com 220 Harp Circle New York, NY 10001 Bongo Drum will sign the tax return. He owns 100% of the total, common, and preferred stock. He also devoted 100% of the time to the corporation Bongo's start date with the corporation was June 7, 2003. INCOME Gross Receipts Returns & Allowances $456,200 $7,000 The corporation's total gross receipts for the tax year were not less than $250,000 and its total assets at the end of the year were less than $250,000. DEDUCTIONS Accounting Advertising Building Insurance Cell Phone Commissions Janitorial Legal Service Liability Insurance $2,000 $2,000 $3,000 $800 $3,000 $1,500 $3,500 $2,000 Office Expense Repairs Salaries Telephone Utilities $500 $5,000 $36,000 $1,000 $7,000 COST OF GOODS SOLD (Section 263A does not apply) Beginning Inventory $55,000 Purchases $326,440 Ending Inventory $67,000 The method used to valuing inventory is lower of cost or market. There was no change in determining inventory. BALANCE SHEET Assets Beginning $76,821 Cash Federal Income Tax Receivables Ending $80,053 $2,028 Accounts Payable Common Stock Retained Earnings Unappropriated Liabilities Beginning $75,000 $20,000 $46,648 Ending $75,000 $20,000 $57,033 DEPRECIABLE ASSETS Description Cost Method Asset 1 Asset 2 Asset 3 Asset 4 Asset 5 Date in Service 07/13/2016 02/14/2010 08/22/2017 09/22/2018 11/22/2015 $21,500 $5,200 $12,400 $66,000 $56,000 MACRS MACRS MACRS MACRS MACRS Prior Depreciation $16,856 $5,200 $6,074 $18,857 $41,423 ESTIMATED TAX PAYMENTS FOR 2019 Payment Payment Date 04/15/2019 06/15/2019 09/15/2019 12/15/2019 Amount $1,000 $1,000 $1,000 $1,000 $4,000 Total