Schedule C

Samuel Lincoln (Social Security Number: 123-45-6789) owns a tool and dye business as a sole proprietor. He has provided you with the following information for the current tax year:

Revenue $235,000

Cost of goods sold $ 100,000

Rent paid $ 24,000

Advertising $ 1,200

Insurance $ 3,000

Salaries paid $ 78,000

Office expense $ 1,500

Supplies $ 2,200

Business meals $ 1,800 (Taken at restaurants)

Entertainment $ 2,450

Utilities $ 12,000

Complete Schedule C for Samuel Lincoln for the current tax year.