Scott Butterfield is self employed as a CPA He uses the cash method of accounting, and his Social Security number is 644 47 7833 His principal business code is 541211 Scott's CPA practice is located at 678 Third Street, Riverside, CA 92860 Scott's income statement for the year shows the following Income Statement Scott Butterfield, CPA Income Statement 12 31 2019 Current Period Prior Period 1 1 2019 to 12 31 2019 1 1 2018 to 12 31 2018 REVENUES Tax Services $221,200 $72,154 Accounting Services 22,120 50,256 Other Consulting Services 48,664 7,690 TOTAL REVENUES 291,984 130,100 COST OF SERVICES Salaries 44,240 29,400 Payroll Taxes 2,387 2,275 Supplies 300 1,225 TOTAL COST OF SERVICES 46,927 32,900 GROSS PROFIT (LOSS) 245,057 97,200 OPERATING EXPENSES Advertising and Promotion 2,000 Business Licenses and Permits 620 250 Charitable Contributions 450 250 Continuing Education 1,500 Dues and Subscriptions 1,640 3,500 Insurance 13,272 870 Meals and Entertainment 9,954 5,400 Office Expense 4,424 Postage and Delivery 85 Printing and Reproduction 2,212 Office Rent 6,636 13,800 Travel 8,848 750 Utilities 2,654 2,724 TOTAL OPERATING EXPENSES 54,245 27,544 NET INCOME (LOSS) $190,812 $69,656 Scott also mentioned the following The expenses for dues and subscriptions were his country club membership dues for the year Of the charitable contributions, $50 were made to a political action committee Scott does not generate income from the sale of goods and therefore does not record supplies and wages as part of cost of goods sold Scott placed a business auto in service on January 1, 2016 and drove it 5,340 miles for business, 3,204 miles for commuting, and 6,408 miles for nonbusiness purposes His wife has a car for personal use Complete Schedule C for Scott showing Scott's net taxable profit from self employment Assume Scott has evidence to support his deductions If required, only use the minus sign to indicate a net loss When required, round amounts to the nearest dollar

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Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Social Security number is 644-47-7833. His principal business code

Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Social Security number is 644-47-7833. His principal business code is 541211. Scott's CPA practice is located at 678 Third Street, Riverside, CA 92860. Scott's income statement for the year shows the following:

Income Statement
Scott Butterfield, CPA Income Statement 12/31/2019
	Current Period	Prior Period
	1/1/2019 to 12/31/2019	1/1/2018 to 12/31/2018
REVENUES
Tax Services	$221,200	$72,154
Accounting Services	22,120	50,256
Other Consulting Services	48,664	7,690
TOTAL REVENUES	291,984	130,100
COST OF SERVICES
Salaries	44,240	29,400
Payroll Taxes	2,387	2,275
Supplies	300	1,225
TOTAL COST OF SERVICES	46,927	32,900
GROSS PROFIT (LOSS)	245,057	97,200
OPERATING EXPENSES
Advertising and Promotion	2,000
Business Licenses and Permits	620	250
Charitable Contributions	450	250
Continuing Education	1,500
Dues and Subscriptions	1,640	3,500
Insurance	13,272	870
Meals and Entertainment	9,954	5,400
Office Expense	4,424
Postage and Delivery	85
Printing and Reproduction	2,212
Office Rent	6,636	13,800
Travel	8,848	750
Utilities	2,654	2,724
TOTAL OPERATING EXPENSES	54,245	27,544

NET INCOME (LOSS)	$190,812	$69,656

Scott also mentioned the following:

The expenses for dues and subscriptions were his country club membership dues for the year.
Of the charitable contributions, $50 were made to a political action committee.
Scott does not generate income from the sale of goods and therefore does not record supplies and wages as part of cost of goods sold.
Scott placed a business auto in service on January 1, 2016 and drove it 5,340 miles for business, 3,204 miles for commuting, and 6,408 miles for nonbusiness purposes. His wife has a car for personal use.

Complete Schedule C for Scott showing Scott's net taxable profit from self-employment. Assume Scott has evidence to support his deductions. If required, only use the minus sign to indicate a net loss. When required, round amounts to the nearest dollar.