Payroll taxes 3,468 Utilities B,[} Dtber 3,I} Inventory January 1 25,[} December 31 231,545 Plnchases during the year IE,I'JI'.} The previous year was Amy's first year of operating the bookstore. Amy and Ken elected to carry forward a $2,175 net operating loss from the first year of business into EDIE. (Note: Net operating losses are reported on the "Other Income\" line of Form 1MB.) This year, Amy loaned a friend $l,[}{] so that he could make an invesnnent. Instead of making the investment, the friend lost all the money gambling and left for parts unknown. Amy has no hope of ever collecting on this bad debt. Ken, who ordinarily never gambles, won $22,[}{l at a casino birthday party for one of his friends. This amount should be reported on the "Other Income\" line of Form IBM. The Booths support Ken's parents, Rod {Social Security number 124-B-S5) and Mary {Social Security number dBB-ST-EETS} Booth, who live in their own home. Ken and Amy live at 2345 Wilson Avenue, Menomonie, WI, 54?51, and their Social Security numbers are 34335-3455 {Ken} and 123-45-?aso (Amy). Required: Complete the Booths' federal income tart rentrn for 2&16. Use Form 154D, Schedule C, Schedule D, and Form 8349, on Pages 3-49 to 3-56 to complete this tax return. A statement is required to be attached to a return for a nonbusiness bad debt, but this requirement may be ignored for this problem. Assume no BIBS-B is filed in association with the bad debt when lling out Form 8949