Styles Paragraph INCOME TAX RETURN PROBLEM Below is the taxpayer information for Beverly Johnson Beverly (SS# 138-09-1983, date of birth: April 2, 1968) is a self-employed consultant whose business uses the accrual method of accounting. Her principal business code is 540700. Her business is located at 1501 Broadway, New York, NY., 10019. During the year, she had the following income and expense items Income Professional Fees Earned $250,000 $ 5,413 $ 15,250 $ 30,500 $ 7,577 $ 6,000 $ 5,552 Expenses Office Expenses Depreciation Rent on Office Space Advertising Malpractice Insurance Utilities Travel (950 business miles driven) Taxes & Licenses Salary for her bookkeeper Meals & Entertainment Supplies Accounting Fees Legal Fees Interest on Bank Loan Cellphone for biz usage Suits/Uniform $5,500 $15,550 $ 13,050 $ 5,685 $9,765 $10,250 $4,550 $1,500 $2,800 REQUIRED: Please prepare the Schedule C (see attachment) for Beverly Johnson SCHEDULEC Profit or Loss From Business OMB No. 1545-0014 Form 1040 or 1040-SR) Sole Proprietorship) 2019 Depent of the Treasury Go to www.lrs.gov/Schedule for instructions and the latest information. Attachment Irreverse Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041: partnerships generally must file Form 1065. Segune No. 09 Name of proprio Social security number (SSN Principal business or profession, including product or service see instruction) B Eater code from instruction C Business name, no separate business are love blank. D Employunber(EIN) Yes No 0000 Yes No Yes No E Business address including site or room no.) City, town of post office, state, and ZIP code F Accounting method: (1) Cath 2 Accrual 1 other specify 9 Did you materially participate in the operation of this business during 2019? If "No," se instructions for imiton los H If you started or acquired this business during 2019. check here Did you make any payments in 2010 that would require you to ile Form 10997 se instructions) Yes you or will you the required Forms 10007 Part I Income Grossroots of Benetructions for line and check the box if this income was reported to you on For W-2 and the Story employee box on that form was checked 1 2 Reums and allowances 2 3 Subtract line 2 trominet 3 4 Cost of goods sold Gromine 4 $ Gross profit. Subtractine 4 from line 3 5 8 Other income, including federal and water of credit or refund intructions 7 Grosincome. Add and 7 Part 1 Expenses. Enter expenses for business use of your home only on line 30 Advertising 8 18 Once upon the instructional T8 Car and truck expenses 99 Pension and protsplan 19 Instruction 20 Perito e instruction 10 Comandes 10 Ver machinery, depen 20 Contract whole Other business property 200 12 Deletion 12 21 Paparand manat 21 13 Depreciation and in 179 deduction 22 Sunt included in Part 1 22 not de Parts Tandoon 23 ruction 24 Travel and me 14 Ecobio Trive 14 De otherman IS 24 16 o con O MacBook Air 80. 000 F4 F5 57 1 $ 4 % 5 & 7 6 O Styles Paragraph INCOME TAX RETURN PROBLEM Below is the taxpayer information for Beverly Johnson Beverly (SS# 138-09-1983, date of birth: April 2, 1968) is a self-employed consultant whose business uses the accrual method of accounting. Her principal business code is 540700. Her business is located at 1501 Broadway, New York, NY., 10019. During the year, she had the following income and expense items Income Professional Fees Earned $250,000 $ 5,413 $ 15,250 $ 30,500 $ 7,577 $ 6,000 $ 5,552 Expenses Office Expenses Depreciation Rent on Office Space Advertising Malpractice Insurance Utilities Travel (950 business miles driven) Taxes & Licenses Salary for her bookkeeper Meals & Entertainment Supplies Accounting Fees Legal Fees Interest on Bank Loan Cellphone for biz usage Suits/Uniform $5,500 $15,550 $ 13,050 $ 5,685 $9,765 $10,250 $4,550 $1,500 $2,800 REQUIRED: Please prepare the Schedule C (see attachment) for Beverly Johnson SCHEDULEC Profit or Loss From Business OMB No. 1545-0014 Form 1040 or 1040-SR) Sole Proprietorship) 2019 Depent of the Treasury Go to www.lrs.gov/Schedule for instructions and the latest information. Attachment Irreverse Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041: partnerships generally must file Form 1065. Segune No. 09 Name of proprio Social security number (SSN Principal business or profession, including product or service see instruction) B Eater code from instruction C Business name, no separate business are love blank. D Employunber(EIN) Yes No 0000 Yes No Yes No E Business address including site or room no.) City, town of post office, state, and ZIP code F Accounting method: (1) Cath 2 Accrual 1 other specify 9 Did you materially participate in the operation of this business during 2019? If "No," se instructions for imiton los H If you started or acquired this business during 2019. check here Did you make any payments in 2010 that would require you to ile Form 10997 se instructions) Yes you or will you the required Forms 10007 Part I Income Grossroots of Benetructions for line and check the box if this income was reported to you on For W-2 and the Story employee box on that form was checked 1 2 Reums and allowances 2 3 Subtract line 2 trominet 3 4 Cost of goods sold Gromine 4 $ Gross profit. Subtractine 4 from line 3 5 8 Other income, including federal and water of credit or refund intructions 7 Grosincome. Add and 7 Part 1 Expenses. Enter expenses for business use of your home only on line 30 Advertising 8 18 Once upon the instructional T8 Car and truck expenses 99 Pension and protsplan 19 Instruction 20 Perito e instruction 10 Comandes 10 Ver machinery, depen 20 Contract whole Other business property 200 12 Deletion 12 21 Paparand manat 21 13 Depreciation and in 179 deduction 22 Sunt included in Part 1 22 not de Parts Tandoon 23 ruction 24 Travel and me 14 Ecobio Trive 14 De otherman IS 24 16 o con O MacBook Air 80. 000 F4 F5 57 1 $ 4 % 5 & 7 6 O