Prepare a Schedule C proft or Loss Business Form

In January $2023$ Your Name leased her rental property to Frank and Mary for $$1,800\mathrm{.}00$ a month. You use the cash method of accounting and have produced the following financial information for the year $2023.$

$$ You collected $$21,600\mathrm{.}00$ for rent.

$$ You collected $$1,800\mathrm{.}00$ for a security deposit.

$$ You collected an additional $$1,500\mathrm{.}00$ for any damage to the property that after inspection in July $2023$ will be returned to Frank and Mary if no damage had been done to the house.

Your expenses for the year included:

$$ Shampooing the carpet for rent $$1,000\mathrm{.}00.$

$$ Rental advertising $$$1,000\mathrm{.}00$

$$ Mortgage insurance $$1,300\mathrm{.}00$ for the entire year

$$ Mortgage $$14,000\mathrm{.}00$ for the entire year

$$ Property Taxes $$5,200\mathrm{.}00$ for the entire year in December $2022$

$$ Liability insurance April $$ December $2023,$ $$900\mathrm{.}00$

$$ Property Taxes $$6,200\mathrm{.}00$ paid for $2023$ in January $2024$

$$ Repairs and maintenance of $$4,500\mathrm{.}00$ from September $$ December $2023$

$$ Added a new room to the house $$17,000\mathrm{.}00$ in August $2023$

$$ Legal and professional services in the leasing of the property of $$1,200\mathrm{.}00$

$$ Interest of $$14,000\mathrm{.}00$ on the house for $2023.$

$$ Replaced the front screen door for $$850\mathrm{.}00.$

$$ Reimbursed Frank and Susan $$6,000\mathrm{.}00$ for replacing the furnace that went out in November $2023.$

$$ Paid $$3,000\mathrm{.}00$ back state income taxes in October $2023$

$$ Annual homeowners$$ association fees of $$850\mathrm{.}00$ paid in June $2023$

$$ Property inspection in July $2023$ of $$550\mathrm{.}00.$

$$ Utilities $($Lights$,$ gas, and trash$)$ for the year $1,500\mathrm{.}00$