Sharlotte has now informed you of $100,000 cash inheritance she received from her parents this year. In addition, Sharlotte has provided you with information regarding her self-employed business (Sharlotte's Sirens). She provides singling lessons. The cash method business is located at 6055 Scale Street, Richfield OH 44141. Sharlotte started this business many years ago and materially participates in it. The business had gross sales of $6,000 and the following expenses. Advertising $50 Rent $6,500 Office expense $105 Charitable contribution $1,000 (cash to sponsor the community little league team - qualified charity) 1. Complete Schedule C, the appropriate lines of Schedule 1, and form 1040 lines 1, 2, 7 and 17. You should update any amounts that were incorrect on the previous assignment. You do not need to calculate any other lines on Form 1040 at this time. 2. Prepare a statement for Sharlotte discussing recommendations and/or concerns you have regarding the business. 3. Sharlotte and Steven do not understand why some income is taxable and why other income is not. They would like to you explain why this is this to them and to provide at least two examples of income that is taxable and at least two examples of income that is not taxable