prepare 3 tax return using the ABC company data. one as a C corporation, 2nd as S corporation and 3rd a partnership.

\fABC COMPANY TRIAL BALANCE 12/31/2015 BEGINNING BALANCE DR CR CASH-CHECKING 125,550 ACCOUNTS RECEIVABLE 243,650 INVENTORY 595,625 PROPERTY & EQUIPMENT 722,550 ACCUMULATED DEPRECIATION 212,681 ORGANIZATION EXPENSES 65,000 ACCUM. AMORTIZATION 8,667 ACCOUNTS PAYABLE 136,450 PAYROLL TAXES PAYABLE 4,250 NOTES PAYABLE-CURRENT 76,120 NOTES PAYABLE-LONG TERM 322,100 COMMON STOCK 100,000 RETAINED EARNINGS 438,357 DISTRIBUTIONS 50,000 SALES PURCHASES OFFICERS WAGES WAGES PAYROLL TAXES REPAIRS & MAINTENANCE RENT INSURANCE INTEREST EXPENSE SUPPLIES OFFICE SUPPLIES MEALS & ENTERTAINMENT TRANSPORTATION EXPENSES DEPRECIATION SEC 179 DEPREC 4,912,470 3,418,340 250,000 525,250 50,020 6,500 48,000 28,800 19,910 8,750 5,260 3,580 11,400 ADJUSTMENTS DR CR ENDING BALANCE DR CR ADVERTISING LEGAL & ACCOUNTING AMORTIZATION CONTRIBUTIONS INTEREST INCOME TOTAL 27,650 3,260 4,260 2,260 6,213,355 6,213,355 OTHER INFORMATION EI# 52-8453561 ENDING INVENTORY 610,250