Schedule C, Transportation, Travel Expenses, Meals And Entertainment, Business Gifts, Office in the Home (LO 3.1, 3.3, 3.4, 3.5, 3.9, 3.11)

Margaret started her own business in the current year and will report a profit for her first year. Her results of operations are as follows:

Gross income		$45,000
Expenses:
Travel		$1,000
Contribution to Presidential Election Campaign		$100
Transportation (5,427 miles evenly throughout the year, using standard mileage method)		?
Entertainment in total		$4,200
Nine gifts at $50 each		$450
Rent and utilities for apartment in total		$10,500
	(25% is used for a home office)

Complete the table below to determine the net income Margaret should show on her Schedule C.

If an amount is zero, enter "0". If required, round the amounts to the nearest dollar.

Gross income	$fill in the blank 1
Expenses:
Travel	$fill in the blank 2
Political contribution	fill in the blank 3
Transportation	fill in the blank 4
Entertainment	fill in the blank 5
Gifts	fill in the blank 6
Rent and utilities	fill in the blank 7
Total expenses	$fill in the blank 8
Taxable business income	$fill in the blank 9