LO 3.1 1. Scott Butterfield is selt employed as a CIA. He uses the cash method of accounting and his Social Security number is 644 47-7433. His principal business code is 541211 Scott's CIA practice la located at 678Third Street, Riverside, CA2860 Scott's income Matement for the year slhows the tollowing Income Statement sa/ss/2e Prier Peried 1/1/2016 to 12/11/2016 ./1020171out3101, . Tax Service Actoeming Services s,067.00 alales 23400.00 2,235.00 2,187.00 Sepplies OTAL OST F SERVICE GROSS FRORT Boss OPERATING EXPEMSES 90 003 00 500 00 400.00 Scott also mentioned the following The expenses for dues and satbscriptions were his country club membership dues for the year . The charitable contributions were made to a political action committee . Seott does not generate income from the sale of goods and therefore does not recond supplies and wages as part of cost of goods sold . Scont placed a tisiness auto in senvice on January 1, 2014 and drove it t ont miles for business, 1250 miles for commuting and 4. 00 miles for nonbusiness purposes. His wife has a car for peemonal use Complete Schedule Con Pages 3-41 and 3 42 foe Scott showing Scotr's net income from set emplonent LO 3.1 1. Scott Butterfield is selt employed as a CIA. He uses the cash method of accounting and his Social Security number is 644 47-7433. His principal business code is 541211 Scott's CIA practice la located at 678Third Street, Riverside, CA2860 Scott's income Matement for the year slhows the tollowing Income Statement sa/ss/2e Prier Peried 1/1/2016 to 12/11/2016 ./1020171out3101, . Tax Service Actoeming Services s,067.00 alales 23400.00 2,235.00 2,187.00 Sepplies OTAL OST F SERVICE GROSS FRORT Boss OPERATING EXPEMSES 90 003 00 500 00 400.00 Scott also mentioned the following The expenses for dues and satbscriptions were his country club membership dues for the year . The charitable contributions were made to a political action committee . Seott does not generate income from the sale of goods and therefore does not recond supplies and wages as part of cost of goods sold . Scont placed a tisiness auto in senvice on January 1, 2014 and drove it t ont miles for business, 1250 miles for commuting and 4. 00 miles for nonbusiness purposes. His wife has a car for peemonal use Complete Schedule Con Pages 3-41 and 3 42 foe Scott showing Scotr's net income from set emplonent