REQUIRED Prepare the S Corporation Tax Return for the Holloway And Farrow Enterprises Inc. for the year of 2017 and Schedule K-1 for both shareholders. The following Forms are needed to complete the Tax Return: Form 11205 Form 1125 A Form 1125 Schedule K-1 (Form 11205)

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FACTS Viola Holloway and Renee Forrow are the sole equal partners in the general partnership of Holloway And Forrow Enterprises. The partnership which is a retail office supplies and stationery store, began its operations on January 2, 1985. For Federal Income Tax purposes, the partnership is a calendar year taxpayer and uses the Accrual Method Of Accounting. Its Employer Identification Number is 76-1234567, address is 17302 East Meadow Bird Circle Houston, Texas 77086-1747, telephone number is (281) 437-6211, fax number is (281) 536-1908 and E-Mail address is "hollowayandforrowenterprises.c Both partners devote one hundred percent (100%) of their time to the business of the partnership and are equal partners of the partnership in every respect (ie. profit sharing ratio, loss sharing ratio, ownership etc.). Viola Hdlloway, who is the designated Tax Matters Partner for the partnership, has social security number of 678-90-1234, her address is 1953 Beverly Lane Houstan, Texas 77064- 3218 and her telephone number is (832) 469-3614. Renee Forrow has social security number of 78901-2345, her address is 1606 Natalie Court Houston, Texas 77089-4637 and her telephone number is (832) 948-3126 FINANCIAL INFORMATION During the year of 2017, the Hdlloway And Forrow Enterprises reported the following Income and Expenses (including necessary accruals) for Financial Accounting purposes: The business activity code for the partnership is 451140 Gross Receipts Sales Returns And Allowances Purchases Dividends Received From Stock (Not Qualified Dividends) $1,482 000 109,000 510,000 Investments In Less Than twenty percent (20% ) Owned United States (U. S.) Corporation 80,000 Interest Income Taxable Interest Tax-Exempt Interest 18,000 7,200 75,000 75,000 108,000 19,300 84,000 15,500 19,600 25,200 Guaranteed Payments: Vida Holloway (Services Renee Forrow Salaries Employees Repairs And Maintenance Rent Expense Office Rent Expense Equipment Payroll Taxes (Federal And State) Interest Expense (Trade Or Business Interest) Advertising Expense Charitable Contributions ("50%" Charities) Legal And Professional Fees Depreciatian Expense Utilities Expense Employee's Health Insurance Premiums Entertainment Of Clients Partners' Life Insurance Premiums 28,800 50,000* 27,300 14,200 5,000 14400* 1- Based upon Straight-Line Depreciation, a useful life of five (5) years and no salvage value for all assets (see specific assets below)