Prepare this tax return

L. Smith Co is in the business of selling electronics to consumers. L. Smith was incorporated March 10,2020 had the following data available from its adjusted trial balance for its first year of operations, ended December 31, 2020. Additional information is available for the preparation of the tax return for tax year 2020: - Note payable is due in its entirety on June 30,2025. - Direct materials purchases for the year was $860,200. No beginning inventory. - Dividend income is from M. Ditka Inc. L. Smith owns 15% of M. Ditka. - Tax depreciation for equipment, a 5-year asset, is $9,740 and tax depreciation for furniture, a 7-year asset is $8,717 - No beginning balances in retained earnings or earnings and profits since it's a new corporation. - L. Smith made federal estimated tax payments totaling $30,000