Mr. X and Y each invested $50,000 to start a plumbing business on 01/01/2018 Prepare 2018 PARTNERSHIP Tax Return from the following information 23,000 85,000 30,000 185,000 43,000 120,000 100,000 873,000 2,500 1,500 6 Cash 7 Accounts Receivable 8 Investment in Stocks/Bonds 9 Equpment 10 Accumulated Depreciation 11 Accounts Payable 12 Partners Capital 13 Sales 14 Interest income 15 Dividend 16 Cost of sales 17 Salaries to X 18 Salaries to Y 19 Other salaries 20 Charitable Contribution 21 Rent 22 Utilities 23 Penalties 24 Advertising 25 Depreciation-MACRS 26 Contract Labor 450,000 50,000 50,000 85,000 1,000 60,000 18,000 1,000 24,000 43,000 35,000 28 1,140,000 1,140,000 29 Check Figures Line # form 1065 Amount 423,000 100,000 77,000 365,000 58,000 SCHK 58,000 100,000 2,500 1,500 1,000 4,000 20a sch L column a and b o 14 d 21 d Shh M-1 280,000 160,000 60,000 100,000 1,000 161,000 4b SCh M-2 100,000 60,000 160,000