Review the filled out $1040$ form and identify any wrong information and provide answers.Kelly and Chanelle Chambers, ages $47$ and $45,$ are married and live at $584$ Thoreau Drive, Boston, MA $59483.$ Kellys Social Security number is $111-11-1111$ and Chanelles is $222-22-2222.$ The Chambers have two children: Emma, age $23,$ and Chet, age $19.$ Their Social Security numbers are $333-33-3333$ and $444-44-4444,$ respectively. Emma is a single college student and earned $$8,000$ during the summer. Kelly and Chanelle help Emma through school by paying for her room, board, and tuition. Emma lives at home during the summer. Chet has a physical handicap and lives at home. He attends a local university and earned $$4,000$ working for a marketing firm. In sum, Kelly and Chanelle provide more than $50\%$ of both Emmas and Chets total support for the year. Kelly is a commercial pilot for a small airline. His salary is $$95,000,$ from which $$19,000$ of federal income tax and $$8,000$ of state income tax were withheld. Kelly also pays premiums for health, disability, and life insurance. $$2,000$ of the premium was for health insurance, $$250$ for disability, and $$400$ for life insurance. Chanelle owns Alliance Networks, a proprietorship that does network consulting. During the year, Chanelles gross revenues were $$23,000.$ She incurred the following ex$-$penses in her business:Liability insurance $-$ $$700$Liability insurance $$5,400$Journals and magazines $-$ $$150$Training seminars $-$ $$1,200$Supplies $-$ $$1,300$Donations to a political campaign fund $-$ $$800$Kelly enjoys playing guitar and plays in a band. Kellys band has developed a local following. This year, his gross revenues were $$1,200$ for playing shows and $$700$ on CD sales. He incurred the following expenses:Studio rent expense $-$ $$1,300$Sound system repairs $-$ $$200$CD production $-$ $$500$New guitar and amplifier $-$ $$800$Kellys father passed away during the year. Kelly and Chanelle received $$100,000$ from the life insurance policy. Neither Kelly nor Chanelle paid any of the premiums. Chanelle purchased $100$ shares of Thurston Co$.$ stock on May $1,1993,$ for $$1,000.$ Thurston Co$.$ was declared bankrupt during the current year. Chets physician recommended that he see a physical therapist to help with his dis$-$ability. Kelly paid the therapist $$7,000$ during the year because his insurance would not cover the bills.Kelly and Chanelle went to Las Vegas and won $$5,000$ at the blackjack table. The next night, they lost $$6,000.$Kelly and Chanelle gave $$900$ to their church and, during the year, they had the fol$-$lowing other income and expenses:Real estate taxes $-$ $$1,400$Property taxes on car $($determined by value$)-$ $$500$Home mortgage interest $-$ $$12,000$Credit card finance charges $-$ $$2,600$Tax return preparation fees $($$$600$ is allocable to Chanelles business$)-$ $$1,000$Sales tax on purchases during the year $-$ $$6,200$Interest from a savings account $-$ $$800$Interest from City of Boston Bonds $-$ $$700$Dividend from $3$M stock $$400$Prepare Kelly and Chanelles tax return Form $1040$ and Schedules A$,$ B$,$ C$,$ D$,$ and SE for $2022.$ Assume the couple had no transactions involving virtual currency.