Prepare Schedules M-1, K, and K-1 (for Blake Turin only) for tax year 2018.

SCHEDULES K, M-1, AND K-1 TAX YEAR 2018 INCOME: GROSS RECEIPTS COST OF GOODS SOLD QUALIFIED DIVIDEND INCOME TAX-EXEMPT INCOME TOTAL INCOME 825,000 (550,500) 7,600 3,500 285,600 EXPENSES: BOOK DEPRECIATION SALARIES AND WAGES EXPENSE POLITICAL CONTRIBUTIONS EXPENSE RENT EXPENSE STATE AND LOCAL TAXES CHARITABLE CONTRIBUTIONS INTEREST EXPENSE BUSINESS INSURANCE EXPENSE MEALS EXPENSE SUPPLIES EXPENSE TELEPHONE EXPENSE UTILITIES EXPENSE OFFICE EXPENSE TOTAL EXPENSES 12,800 90,000 2,000 12,000 3,700 6,500 6,700 4,600 4,500 3,100 4,100 3,400 6,200 159,600 NET INCOME PER BOOKS 126,000 OTHER INFORMATION: NEWPORT NEWS, INC. P.O. BOX 120 RUMFORD, RI 02916 EIN 23-6392101 BLAKE TURIN 50% OWNER ADDRESS: 1700 ADDISON DRIVE PROVIDENCE, RI 02903 SSN: 088-76-6301 TAX DEPRECIATION TOTAL IRC SECTION 179 INCLUDED IN TAX DEPRECIATION 10,300 8,200 TOTAL CASH DISTRIBUTIONS TO SHAREHOLDERS (50% EACH) 60,000 ADVANCE PAYMENT TAXABLE IN 2017 INCLUDED IN BOOK INCOME IN 2018 13,700 SCHEDULES K, M-1, AND K-1 TAX YEAR 2018 INCOME: GROSS RECEIPTS COST OF GOODS SOLD QUALIFIED DIVIDEND INCOME TAX-EXEMPT INCOME TOTAL INCOME 825,000 (550,500) 7,600 3,500 285,600 EXPENSES: BOOK DEPRECIATION SALARIES AND WAGES EXPENSE POLITICAL CONTRIBUTIONS EXPENSE RENT EXPENSE STATE AND LOCAL TAXES CHARITABLE CONTRIBUTIONS INTEREST EXPENSE BUSINESS INSURANCE EXPENSE MEALS EXPENSE SUPPLIES EXPENSE TELEPHONE EXPENSE UTILITIES EXPENSE OFFICE EXPENSE TOTAL EXPENSES 12,800 90,000 2,000 12,000 3,700 6,500 6,700 4,600 4,500 3,100 4,100 3,400 6,200 159,600 NET INCOME PER BOOKS 126,000 OTHER INFORMATION: NEWPORT NEWS, INC. P.O. BOX 120 RUMFORD, RI 02916 EIN 23-6392101 BLAKE TURIN 50% OWNER ADDRESS: 1700 ADDISON DRIVE PROVIDENCE, RI 02903 SSN: 088-76-6301 TAX DEPRECIATION TOTAL IRC SECTION 179 INCLUDED IN TAX DEPRECIATION 10,300 8,200 TOTAL CASH DISTRIBUTIONS TO SHAREHOLDERS (50% EACH) 60,000 ADVANCE PAYMENT TAXABLE IN 2017 INCLUDED IN BOOK INCOME IN 2018 13,700