Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1987, and Joan was born on July 1, 1988. Both enjoy good health and eyesight. Noah owns and operates a pet store, and Joan is a firefighter for the city of Dayton.

1. The Arcs have two children, a son named Shem (Social Security number 598-01-2345), born on March 21, 2015, and a daughter named Nora (Social Security number 554-33-2411), born on December 3, 2018.

2. Joan and Noah brought a folder of tax documents (see Forms W-2 and 1098). In addition, they received a Substitute 1099 Statement from Charlotte Squab Financial Services (located on a separate tab) regarding their stock transactions for the year.

3. Noahs pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409. The name of the store is The Arc and its taxpayer identification number is 95-9876556. Since you handle Noahs bookkeeping, you have printed the income statement from your Quickbooks software, shown in the table below.

The Arc 95-9876556 Income Statement For the Year Ended December 31, 2022
Revenue:
	Gross Sales		$150,000.00
	Less: Sales Returns and Allowances		-
	Net Sales		$150,000.00
Cost of Goods Sold:
	Beginning Inventory	$11,000.00
	Add: Purchases	66,000.00
		$77,000.00
	Less: Ending Inventory	10,000.00
	Cost of Goods Sold		67,000.00
	Gross Profit (Loss)		$83,000.00
Expenses:
	Dues and Subscriptions	-
	Estimated Federal Tax Payments	4,000.00
	Estimated State Tax Payments	3,800.00
	Insurance	4,000.00
	Meals and Entertainment	1,600.00
	Miscellaneous	300.00
	Payroll Taxes	4,000.00
	Professional Fees	1,800.00
	Rent	8,500.00
	Travel	1,300.00
	Utilities	1,500.00
	Vehicle Expenses	-
	Wages	25,000.00
	Total Expenses		55,800.00
	Net Operating Income		$27,200.00

4. Details of The Arcs meals and entertainment:

Restaurant meals associated with business travel	$500
Arc employee holiday party	300
Restaurant overtime meals for employees	200
Sports tickets for entertaining large customers	600
	$1,600

5. Travel costs are business related and do not include meals. Miscellaneous expense is a $300 contribution to Re-elect Goldie Wilson, Mayor of Dayton.

6. Noah and Joan paid the following amounts during the year (all by check):

Contributions to Re-elect Goldie Wilson, Mayor of Dayton	$250
Church donations (for which a written acknowledgment was received)	5,000
Real estate taxes on their home	2,400
Medical co-pays for doctor visits	700
Mortgage interest for purchase of home (See Form 1098)
Tax return preparation fees	350
Credit card interest	220
Automobile insurance premiums	600
Uniforms for Joan	125
Contribution to Noah's individual retirement account (made on April 1, 2023)	5,000

7. Noah has a long-term capital loss carryover from last year of $1,300.

8. Noah and Joan own a condo and use it as a rental property. The condo is located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. On average, Noah spends about two hours per week on the rental activity. The revenue and expenses for the year are as follows:

Rental income	$16,200
Insurance	800
Interest expense	5,800
Property taxes	1,500
Miscellaneous expenses	500

Rental income includes $1,150 per month for two months under the previous lease (which ended February 28, 2022). The new lease is $1,300 per month for ten months under the new lease but the tenant paid only $900 in May 2022 because the tenant paid $400 for repairs to the apartment, and with the Arcs permission, reduced Mays rent by $400. The new lease also required the tenant to pay last months $1,300 rent in February 2022. The home was acquired for $85,000 in 2006. On May 12, 2022, the Arcs installed new fixtures (7-year recovery period) at a cost of $3,500. They wish to maximize the cost recovery on the new fixtures but make no elections.

9. The Arcs paid Ohio general sales tax of $1,076 during the year.

How do you fill out Form 8995 (QBI) for 2022 with the provided information?