James Jones is the owner of a small retail business operated as a sole proprietorship. During 2017, his business recorded the following items of income and expense.

Revenue from inventory sales		$147,000
Cost of goods sold		33,500
Business license tax		2,400
Rent on retail space		42,000
Supplies		15,000
Wages paid to employees		22,000
Payroll taxes		1,700
Utilities		3,600

Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in Jamess 2017 Form 1040.

Compute self-employment tax payable on the earnings of Jamess sole proprietorship by completing a 2017 Schedule SE, Form 1040.

Assume your answers to parts a and b are the same for 2018. Further assume that Jamess business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. Calculate Jamess 2018 Section 199A deduction.