Question
Randolph Manufacturing Company, Inc., 12345 Hemingway Avenue, Marlborough, MA 01752, is a corporation (EIN 00-3456789) formed on January 1, 2010. Information concerning the corporation and
Randolph Manufacturing Company, Inc., 12345 Hemingway Avenue, Marlborough, MA 01752, is a corporation (EIN 00-3456789) formed on January 1, 2010. Information concerning the corporation and its two shareholders follows. It uses tax/cash basis accounting, did not pay dividends in excess of earnings and profits, has no foreign shareholders, is not publicly traded, and has no NOL carrybacks. Michael Ryan (SSN 412-55-9234), 1626 Flat Street, Provo Utah 84200, is a 60% shareholder. Melanie Smith (SSN 550-34-3471), 1900 Yates Road, Park City, CA 92345, is a 40% shareholder. Michael received a dividend of $60,000, and Melanie received a dividend of $40,000. Both of these dividends are in addition to their salaries. Go to the IRS website and download IRS 2015 Form 1120. Prepare Form 1120, pages 15, for Randolph Manufacturing Company, Inc. for the calendar year ended 12/31/2015. Omit Schedule D and Form 4562.
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