Required: Complete Trish's Schedule C, Form 8829, and Form 4562 (as necessary). Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789 Trish keeps her books on an accrual basis. The income and expenses for the year are: Gross sales $352,000 Returns and allowances 4,000 Expenses Beginning inventory (at cost) $ 85,000 Add: purchases 101,000 Cost of goods available for sale $186,000 Less: ending Inventory (at cost) 75,000 Cost of goods sold $111,000 Rent 24,200 Insurance 1,800 Legal and accounting fees 5,600 Payroll 56,430 Payroll taxes Utilities 2,100 Office supplies 750 Advertising 6,200 4,400 Trish's bookkeeper has provided the book-basis fixed asset roll forward to be used in computing the depreciation (see separate tab). For tax purposes, Trish elected out of bonus depreciation in all years except 2019. She did not elect immediate expensing in any year. The tax lives of the assets are the same as the book lives shown in the fixed asset schedule. The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250 sq. ft. Her home is 2,500 sq. ft. Her 2014 purchase price and basis in the home, not including land, is $100,000 (the home's market value is $150,000). She incurred the following costs in 2019 related to the entire home: Utilities $2,800 Cleaning 900 Insurance 1,100 Property taxes 2,000 Suvuule UDOUICUM Trish's bookkeeper has provided the following book-basis fixed asset rollforward: Himple Retail Fixed Asset Rollforward 12/31/2019 (book basis) DEPR COST 2017 2018 2019 ACCUM NET BOOK DEPR BASIS DEPR IN SERVICE METHOD LIFE DEPR DEPR VALUE ASSET 2/15/2017 CASH REGISTER SL 5 9,900.00 1,815.00 1,980.00 1,980.00 4,125.00 5,775.00 9,900.00 2017 TOTAL ADDITIONS 1,815.00 1,980.00 1,980.00 4,125.00 5,775.00 10/12/2018 SL 7 RETAIL FIXTURES 678.57 169.64 848.21 3,901.79 FURNITURE 10/12/2018 SL 7 4,750.00 3,900.00 8,650.00 139.29 557.14 696.43 3,203.57 2018 TOTAL ADDITIONS 308.93 1,235.71 1,544.64 7,105.36 TOTAL 18,550.00 1,815.00 2,288.93 3,215.71 7,319.64 11,230.36 DELIVERY TRUCK 6/1/2019 SL 5 37,500.00 4,375.00 4,375.00 DESK AND GABINETRY 6/1/2019 SL 7 11,900.00 991.67 991.67 33,125.00 10,908.33 2,473.33 COMPUTER 6/1/2019 SL 5 2,800.00 326.67 326.67 2019 TOTAL ADDITIONS 52,200.00 5,693.34 5,693.34 46,506.66 TOTAL 70,750.00 1,815.00 2,288.93 8,909.05 13,012.98 57,737.02