Please fill form 1040 - schedule 1-3 if necessary; schedule SE, schedule C, and form 4797

• William Spicer (123-45-5789) and June Spicer (937-65-4321) have two dependent children, Sophie (236-52-6587) age 9 and Carl (236-52-6588) age 7, both of whom live at home. William operates a gourmet market in Raleigh, NC, Bill's Market, as an accrual-basis sole proprietorship.
• The information on gross sales, expenses, and property transactions is shown below. William receives no salary and therefore, there is no related FICA tax for him.
• The Market sold a unique piece of equipment for $13,000. It had originally cost $5,000 when purchased on March 5, 2017. It had an adjusted basis of $3,000 when sold on August 15, 2021. The Market also sold a display case for $1,000 on December 12, 2021, that had cost $12,000 when purchased on June 6, 2015, which had an adjusted basis of $4,000 when sold. The gains or losses on these asset sales are the same for tax and financial accounting. The business complies with all Form 1099 requirements

Gross sales ($1,300,000 from credit card sales)	3,700,000
Merchandise purchases	2,480,000
Expenses:
Advertising	40,000
Charitable contributions	20,000
Cleaning/maintenance	12,000
Depreciation (MACRS pre-2021 purchases)	3,000
Section 179 expense (2/1/21 display case )	5,000
Payroll taxes	18,000
Health insurance	15,000*
Insurance (excludes health)	18,000.
Interest expense	1,000
Licenses/fees	4,000
Meals/entertainment	10,000
Office expenses	14,000
Rent	120,000
Salary/wages	210,000
Travel	8,000
Utilities	32,000
Includes $3,000 for health insurance for William and his family.

The following information pertains to the completion of the Spicers' personal tax return:

Interest income	$ 500
Dividend income (all qualified)	1,300
Unreimbursed doctor's bills	8,200
Unreimbursed hospital bills	9,000
Unreimbursed dental bills	2,000
Mortgage interest	14,000
Real estate taxes	7,800
Contributions to their church	1,500
Investment advisor fees	$3,659