Prepare form 1120

If applicable: 8949, m-3, 1125, 2220, 2200, 4562, 4797

TAX FORM/RETURN PREPARATION PROBLEMS Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The cor- poration uses the calendar year and accrual basis for both book and tax p gaged in the sale of musical instruments with an employer identification number (EIN) of XX-2019017. The company incorporated on December 31, 2013, and began business on January 2, 2014. Table C:3-3 contains balance sheet information at January 1, 2017, and December 31,2017. Table C:3-4 presents an unaudited GAAP income statement for 2017 These schedules are presented on a book basis. Other information follows the tables Estimated Tax Payments (Form 2220): The corporation deposited estimated tax payments as follows C:3-65 urposes. It is en- Apri 15, 2017 June 15, 2017 September 15, 2017 December 15, 2017 Total $100,000 200,000 235,000 235,000 $770,000 Taxable income in 2016 was $1.4 million, and the 2016 tax was $476,000. The corpora- tion earned its 2017 taxable income evenly throughout the year. Therefore, it does not use the annualization or seasonal methods TABLE C:3-3 Melodic Musical Sales, Inc.-Book Balance Sheet Information TAX FORM/RETURN PREPARATION PROBLEMS Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The cor- poration uses the calendar year and accrual basis for both book and tax p gaged in the sale of musical instruments with an employer identification number (EIN) of XX-2019017. The company incorporated on December 31, 2013, and began business on January 2, 2014. Table C:3-3 contains balance sheet information at January 1, 2017, and December 31,2017. Table C:3-4 presents an unaudited GAAP income statement for 2017 These schedules are presented on a book basis. Other information follows the tables Estimated Tax Payments (Form 2220): The corporation deposited estimated tax payments as follows C:3-65 urposes. It is en- Apri 15, 2017 June 15, 2017 September 15, 2017 December 15, 2017 Total $100,000 200,000 235,000 235,000 $770,000 Taxable income in 2016 was $1.4 million, and the 2016 tax was $476,000. The corpora- tion earned its 2017 taxable income evenly throughout the year. Therefore, it does not use the annualization or seasonal methods TABLE C:3-3 Melodic Musical Sales, Inc.-Book Balance Sheet Information