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, Sales Revenue Sales Returns Cost of Goods Sold Interest Expense on business loan Car/Truck Expense (repairs, gas, oil, etc.) $485,000 $17,000 $161,000
,
Sales Revenue\ Sales Returns\ Cost of Goods Sold\ Interest Expense on business loan\ Car/Truck Expense (repairs, gas, oil, etc.)\
$485,000
\
$17,000
\
$161,000
\
$4,000
\
$8,300
\ 1\ Taxes and licenses\ Depreciation\ Utilities\ Wages to sales staff\ Fee paid to CPA for Schedule C\ \\\\table[[
$
,18,300],[
$
,9,500],[
$
,3,500],[
$110,000
,],[
$
,1,500]]\ The net profit for the sole proprietorship would be
$
reported on and it would be\ a.
$154,600
, Schedule C, Line 31 .\ b.
$154,600
, Schedule C, Line 7 .\ c.
$152,400
, Schedule C, Line 31 .\ d.
$151,900
, Schedule C, Line 31.
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