Sherry Hopson owns a retail family cothing store. Her store is located at 4321 Circle Drive, Houston, TX 77001. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. The income and expenses for the year are:

Gross sales$350,000

Returns and allowances(4,500)

Net sales$345,500

Expenses:$82,500

Add: Purchases210,000

Cost of goods available for sale292,500

Less: ending inventory (at cost)(71,000)

Cost of goods sold$221,500

rent 9,000

Insurance 1,500

Legal and accounting fees 900

Payroll 38,000

Payroll Taxes 2,600

Utilities1,850

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 2,000 7 years

Computer 6,000 5 years

The truck is not considered a passenger automobile for purposes of the luxury automobile limitations.

REQUIRED: Assuming that all other assets are fully depreciated and Sherry does not make the election to expense, complete her 2014 Schedule C and Form 4562. Make realistic assumption about missing data.