Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of musical instruments with an employer identification number (EIN) of XX-2017015. The company incorporated on December 31, 2011, and began business on January 2, 2012. Table C:3-4 contains balance sheet information at January 1, 2015, and December 31, 2015. Table C:3-5 presents an income statement for 2015. These schedules are presented on a book basis Other information follows the tables. Estimated Tax Payments (Form 2220) The corporation deposited estimated tax payments as follows: April 15,2015 5 90,000 June 15,2015 180,000 September 15,2015220,000 December 15,2015 220,000 Total 710,000 Table C:3-4 Melodic Musical Sales, Inc.-Book Balance Sheet Information January 1,2015 December 31,2015 Account Debit Credit Debit Credit Cash 5 214,833 5 477,193 Accounts receivable 320,000 400,000 Allowance for doubtful accounts 516,000 20,000 Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of musical instruments with an employer identification number (EIN) of XX-2017015. The company incorporated on December 31, 2011, and began business on January 2, 2012. Table C:3-4 contains balance sheet information at January 1, 2015, and December 31, 2015. Table C:3-5 presents an income statement for 2015. These schedules are presented on a book basis Other information follows the tables. Estimated Tax Payments (Form 2220) The corporation deposited estimated tax payments as follows: April 15,2015 5 90,000 June 15,2015 180,000 September 15,2015220,000 December 15,2015 220,000 Total 710,000 Table C:3-4 Melodic Musical Sales, Inc.-Book Balance Sheet Information January 1,2015 December 31,2015 Account Debit Credit Debit Credit Cash 5 214,833 5 477,193 Accounts receivable 320,000 400,000 Allowance for doubtful accounts 516,000 20,000