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.

Randolph Manufacturing Company, Inc. Balance Sheet As of December 31, 2014 and December 31, 2015 12/31/2014 Assets Cash 39,955 258,456 Investments Office equipment 225,000 (156,000) Accumulated Depreciation (Equipment) Building 491,200 Accumulated Depreciation (Building) Total Assets 821,379 Liabilities and equity Notes payable 353,600 Common stock 10,000 Retained Earnings 457,779 Total liabilities and equity 821,379 12/31/2015 45,459 169,125 310,759 (165,379) 491,200 (49.826) 801,338 335,458 10,000 455,880 801,338