Scroll down to complete all parts of this task. Inter Tax Inc., a calendar year C corporation, began operations on January 1, Year 1. Based on the income statement provided, complete page 1 of Form 1120, U.S. Corporation Income Tax Return, for InterTax's first year of operations. Enter all amounts in the table as positive, whole values. If the amount is zero, enter a zero (0). 1 Gross receipts 2 Taxable interest 3 Capital gain or (loss) A 4 Compensation of officers 5 Salaries and wages 6 Repairs and maintenance 7 Rent 8 Taxes and licenses B 123 123 123 123 123 123 123 123 Income Statement 2 laxable interest 3 Capital gain or (loss) 4 Compensation of officers 5 Salaries and wages 6 Repairs and maintenance 7 Rent 8 Taxes and licenses 9 Interest deduction 10 Charitable contributions 11 Depreciation 12 Advertising 13 Employee benefit programs 14 Other deductions 123 123 123 123 123 123 123 123 123 123 123 123 Income Statement InterTax Inc. INCOME STATEMENT For the Year Ended December 31, Year 1 Income Consulting fees Tax-exempt interest Interest income on bank accounts Tax Book 1,880,000 1,880,000 0 2,400 16.400 16.400 Total income Expenses Organization expenses Officers' salaries Salaries and wages 1,896,400 1,898,800 5,707 15,600 800,000 800,000 240,000 240,000 Rent 76,800 76,800 Utilities 12,000 12,000 Advertising 30,000 30,000 Repairs 2,000 2,000 Taxes 10,000 10,000 Employee benefits 2,000 2,000 Interest 10,000 10,000 Office supplies 7,000 7,000 Depreciation 75,200 30,400 Total expenses 1.270.707 1.235.800 Net income before charitable contributions Charitable contributions Pre-tax income Federal tax expense Net income 625,693 663,000 62,569 80,000 563,124 583,000 118,256 122.430 444,868 460,570 Note: There were no shareholder distributions during the year.