Need help with what I would enter on a 1120 for bad debt, charitable contributions, insurance, and interest for 2018 tax return

Wildcat Corporation Income Sta tatement for Year Ending December 31, 2018 Sales revenues 7,244,988 (139.358) $ 7,105,630 Less: Sales allowances& returns Less: Cost of goods sold Less: Operating expenses Net revenues Gross margin 3,244,738 Advertising Bad debts Charitable contributions Depreciation Insurance Interest Miscellaneous Rent Repairs & maintenance Salaries & wages Taxes* Utilities $ 133,942 16,692 6,241 135,663 54,622 50,539 41,655 555,030 50,677 1,389,060 156,776 129.115 2.720,012) S 524,726 3,908 (70,000 Net operating income Dividend& interest income WIncome tax payments Net income Wildeat Corporation Balance Sheet for December 31, 2018 Cash S 245,352 228,829 1,012,470 168,754 1,316,987 csounts receivable (ncet of $7,999 allowance for doubtfial accounts) Inventory Investments Depreciable property (net of $135,663 Other assets Total assets Accounts payable Other current liabilities Note payable Total liabilities s 461,190 2,361 104130 Common stock Retained earnings Total equities s 1,504,855 $ 1,030,000 $ 1,476,234 Total liabilities & equities sheet on the next page. See the notes for the income statement and balance h Notes for income statement and balance sheet: Wildcat computes bad debt expense income tax purposes. Hint: See p. 34 of Chapter C:3. The contributions were all in cash. Book depreciation is determined using the straight-line year of depreciation for the year of acquisition. Wildcat purchases and places into service the assets on as a percentage of its sales, which is not the proper treatment for federal method, a zero estimated residual value, and a full January 1, 2018: Estimated useful life MACRS Original cost recovery period 7 years 5 years Class life 12 years 9 years S 350,627 8 years $ 1,102,023 12 years Wildcat does not use Sec. 179 or bonus depreciation. See Chapter 1:10 for details regarding MACRS depreciation. See the current E&P exercise we did in class for an example of E&P depreciation. 4This is comprised of $6,048 for life insurance on Wildcat's president (with Wildcat as the beneficiary) and S48,574 for casualty and liability insurance. The life insurance does not have a cash surrender value. The interest expense is on a loan whose proceeds Wildcat used to of $9,952 of meals expenses, $21,381 of organizational expenditures, and S10,322 of fully-deductible other expenses. Wildcat wants to deduct for 2018 the maximum expenses $278,656 of this is compensation of Wildcat's officers. h This is comprised of payroll and property taxes. Wildcat received $1,046 of dividends from domestie corporations in which it e Wildcat owned the stock for more than 45 days before the stock dividends ions in which it owns less than 1% ofthe stock. became ex-dividend with respect to the bonds and $537 of interest on investments each. Wildcat debited its Current Wildcat received $2,325 of interest on investments in corporate bonds a in municipal bonds. k This is comprised of four quarterly estimated tax payments of s17.s00 Cash account wben it made the payments. Assume This is comprised of $78,126 of corporate S92,916 of the note payable is a current "The retained earnings are Wildcat is not subject to any state, local, or foreign income taxes. bonds, $23 5948,388 is a long-term liability paid S12,400 of of cash dividends to its sharebolders during are unappropriated Wildeat the year. Wildcat Corporation Income Sta tatement for Year Ending December 31, 2018 Sales revenues 7,244,988 (139.358) $ 7,105,630 Less: Sales allowances& returns Less: Cost of goods sold Less: Operating expenses Net revenues Gross margin 3,244,738 Advertising Bad debts Charitable contributions Depreciation Insurance Interest Miscellaneous Rent Repairs & maintenance Salaries & wages Taxes* Utilities $ 133,942 16,692 6,241 135,663 54,622 50,539 41,655 555,030 50,677 1,389,060 156,776 129.115 2.720,012) S 524,726 3,908 (70,000 Net operating income Dividend& interest income WIncome tax payments Net income Wildeat Corporation Balance Sheet for December 31, 2018 Cash S 245,352 228,829 1,012,470 168,754 1,316,987 csounts receivable (ncet of $7,999 allowance for doubtfial accounts) Inventory Investments Depreciable property (net of $135,663 Other assets Total assets Accounts payable Other current liabilities Note payable Total liabilities s 461,190 2,361 104130 Common stock Retained earnings Total equities s 1,504,855 $ 1,030,000 $ 1,476,234 Total liabilities & equities sheet on the next page. See the notes for the income statement and balance h Notes for income statement and balance sheet: Wildcat computes bad debt expense income tax purposes. Hint: See p. 34 of Chapter C:3. The contributions were all in cash. Book depreciation is determined using the straight-line year of depreciation for the year of acquisition. Wildcat purchases and places into service the assets on as a percentage of its sales, which is not the proper treatment for federal method, a zero estimated residual value, and a full January 1, 2018: Estimated useful life MACRS Original cost recovery period 7 years 5 years Class life 12 years 9 years S 350,627 8 years $ 1,102,023 12 years Wildcat does not use Sec. 179 or bonus depreciation. See Chapter 1:10 for details regarding MACRS depreciation. See the current E&P exercise we did in class for an example of E&P depreciation. 4This is comprised of $6,048 for life insurance on Wildcat's president (with Wildcat as the beneficiary) and S48,574 for casualty and liability insurance. The life insurance does not have a cash surrender value. The interest expense is on a loan whose proceeds Wildcat used to of $9,952 of meals expenses, $21,381 of organizational expenditures, and S10,322 of fully-deductible other expenses. Wildcat wants to deduct for 2018 the maximum expenses $278,656 of this is compensation of Wildcat's officers. h This is comprised of payroll and property taxes. Wildcat received $1,046 of dividends from domestie corporations in which it e Wildcat owned the stock for more than 45 days before the stock dividends ions in which it owns less than 1% ofthe stock. became ex-dividend with respect to the bonds and $537 of interest on investments each. Wildcat debited its Current Wildcat received $2,325 of interest on investments in corporate bonds a in municipal bonds. k This is comprised of four quarterly estimated tax payments of s17.s00 Cash account wben it made the payments. Assume This is comprised of $78,126 of corporate S92,916 of the note payable is a current "The retained earnings are Wildcat is not subject to any state, local, or foreign income taxes. bonds, $23 5948,388 is a long-term liability paid S12,400 of of cash dividends to its sharebolders during are unappropriated Wildeat the year