Margaret started her own business in the current year and will report a profit for her first year. Her results of operations are as follows:

Line Item Description Amount

Gross income $$45,000$

Travel $1,000$

Contribution to Presidential Election Campaign $100$

Transportation

$5,300$ miles equally across the year, using standard mileage method $?$

Entertainment in total $4,200$

Nine gifts at $$50$ each $450$

Rent and utilities for apartment in total $10,500$

$(25$ percent is used for a home office$)$

Complete the table below to determine the net income Margaret should show on her Schedule C$.$

If an amount is zero, enter $"0".$ If required, round the amounts to the nearest dollar.

Line Item Description Amount

Gross income $fill in the blank $1$

$45,000$

Expenses:

Travel $fill in the blank $2$

$1,000$

Political contribution fill in the blank $3$

$0$

Transportation fill in the blank $4$

Entertainment fill in the blank $5$

$0$

Gifts fill in the blank $6$

$225$

Rent and utilities fill in the blank $7$

$2,625$

Total expenses $fill in the blank $8$

Taxable business income $fill in the blank $9$Margaret started her own business in the current year and will report a profit for her first year. Her results of operations are as follows:

Complete the table below to determine the net income Margaret should show on her Schedule C$.$

If an amount is zero, enter $"0".$ If required, round the amounts to the nearest dollar.