Question 1 of 5. Which business is required to complete Schedule L, M-1, and M-2 to report balance sheet information on its return? East County Property Rentals, a partnership with $225,000 gross receipts and $500,000 total assets at the end of the tax year. Franky's Flowers, a sole proprietorship with $275,000 gross receipts and $150,000 total assets at the end of the tax year. Surreal Plastics, Inc., an S corporation with $215,000 gross receipts and $275,000 total assets at the end of the tax year. Executive Solutions, Inc., a C corporation with $245,000 gross receipts and $110,000 total assets at the end of the tax year