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Please help me today before 8:30am. The question is attached to this post. Maria A Solo (SSN 318-01-6921) lives at 190 Glenn drive, grand rapids,

Please help me today before 8:30am. The question is attached to this post.

image text in transcribed Maria A Solo (SSN 318-01-6921) lives at 190 Glenn drive, grand rapids, Michigan 49527-2005. Maria (age 45 and single) claims her aunt, Selda Ray (ssn 282-614011), as a dependent. Selda lives with Maria. Maria owns and operates the Reliable drug company at 1816 first st in grand rapids, Michigan 49503-1902, in which she materially participates the entire year. Her EIN is 38-9654321. Employer quarterly payroll tax returns were filed as required, and Maria values her inventory at cost. The income statement for 2013 is reproduced on the next page. Maria reports on the accrual method, but uses the \"direct write-off\" method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture, a delivery truck, and store equipment. The depreciation expense shown on the 2015 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2015. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: Reimbursement to Maria for actual expense of a business trip ($256 for airfare and lodging, $70 for meals) $326 Contributions to the Red Cross and United Way 350 Chamber of Commerce dues 125 Personal electric bill for August 80 Total Miscellaneous expenses $881 Other income for Maria includes a salary of $100 each month for her services as a member of working committee of the Drug Association. Her form W-2 from the association shows gross wages of $1,200 and federal income tax withheld of $296. Maria also earned $320 in taxable interest. Maria made federal estimated tax payments totaling $5,000 during 2013. This amount is reported in the Payments section on Form 1040, page 2. Prepare Form 1040, and Schedules C, and SE for Maria Solo using the forms provided on the pages that follow. Maria does not want $3 to go to the Presidential election campaign fund. She signs her return on April 15, 2016. RELIABLE DRUG COMPANY Income statement For the year ended December 31, 2013 Operating Revenue: Sales Less sales returns and allowance Net Sales Cost of merchandise sold: Merchande inventory, beginning Purchases Less purchase returns and allowances Net purchase Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales Operating expenses: Advertising expense Bad debt expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other than business property) Telephone and utilities expense Wages expense Total operating expense Net income $324,200 (3,390) $320,810 $68,920 $198,240 (8,100) $190,140 $259,060 (69,185) (189,875) $130,935 $6,541 850 7,967* 3,396 644 881 3,471 12,000 2,395 62,500 (100,645) $30,290 *Maria drove her personal automobile for 13,856 business miles during the year. Total miles for the year were 32,815. There were 1,300 commuting miles. This is Maria's only car. She has kept a written log documenting her business miles. Maria first used the car in her business on May 4, 2013. She uses the standard mileage method

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