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pls use all the information fill out the form 1040. These is all information, pls do as possible as u can, maybe there will some

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image text in transcribedpls use all the information fill out the form 1040. These is all information, pls do as possible as u can, maybe there will some blank in the form, just try your best.
You will be working complete an individual income tax return. Use 2016 forms only.- Canyon Corporation, an S-corporation, is owned 50% each by Sally Taxpayer and Nathaniel Foosballoser. The entity reports the following items for 2016 Sales revenue Cost of Goods Sold Interest income on savings accounts Tax-exempt interest income Amortization of organizational expenditures MACRS Depreciation S 600,000 200,000 3,000 1,500 4,200-142 14,000 10,000 500 8,000 7,000 11,000 ciation for GAAP Charitable contributions Federal emplo Net long-term capital gain Net short term capital losse Wages for non-owners Salary for owners Repairs Section 1231 losses Rental expense Utilities expense taxes 100,0004 60,000 1,600 4,000 8,300 2,100 6,000 4,000 20,000 Dividends (qualified) Meals and entertainment Cash distributions to shareholders Individual taxpayer information Form 1040 (ONLY) 1. Canyon Corporation's tax ID number is 86-1234567, the address is 3300 E. Camelback Road, Chandler, AZ 85048" The business code is: 454390The s-election was effective 1/1/2014. The business was incorporated on 12/20/2013. Eagle Corporation uses the accrual method and sells clothing. Answer no to all questions on page 2. Note: do not complete Schedules L and M-1 +' 2. Sally Taxpayer lives in Gilbert, Arizona. Her address is 13422 E. Downers Street, Gilbert, AZ 85037. Her social security number is 456-12-3789. She is married but does not have any dependents for the 2016 tax year. Her husband's name is Daniel Taxpayer and his social security number is 123-45-6789. +

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