Sherry Hopson owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Sherry keeps her books on an accrual basis. The income and expenses for the year are:

Gross sales			$351,700
Returns and allowances			4,000
Expenses:
Beginning inventory (at cost)	$ 84,300
Add: purchases	100,700
Cost of goods available for sale	185,000
Less: ending inventory (at cost)	75,000
Cost of goods sold			$110,000
Rent			23,800
Insurance			1,500
Legal and accounting fees			2,800
Payroll			37,200
Payroll taxes			3,440
Utilities			1,850
Office supplies			750
Advertising			2,100

On June 1 of this year, Sherry purchased the following new assets for the store:

	Depreciable Basis		Recovery Period
Heavy-duty truck	$31,000		5 years
Desk and file cabinets	17,000		7 years
Computer	3,000		5 years

The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. No Section 179 election is made.

Required: The business has MACRS depreciation of $3,651 on assets placed in service prior to 2016. Sherry uses bonus depreciation but does not make the election to expense, complete her 2016 Schedule C and Form 4562.

Make realistic assumptions about any missing data. If required round any computations to the nearest dollar. Enter all amounts as positive numbers.