Tax return preparation: Prepare the tax return for Elizabeth Johnson to determine her taxable income. You do not need to compute the tax. Use the forms provided by your instructor or get the forms from www.irs.gov. It is recommended you attach a schedule showing the amounts included in the deductions, e.g., medical, taxes, etc. This will help determine partial credit should you not get the correct answer. Elizabeth Johnson is single, age 35. Her daughter, age 4, lives with her at 2680 S Val Vista Drive, Gilbert, AZ 85295. She is a nurse. She received the following during the current year: Medical expenses include the following: All the expenses were paid by Elizabeth. She was covered by employer paid health insurance for the entire year. On July 20, Elizabeth sold her residence for $525,000. She originally paid $300,000 for it on January 12, 2010. She incurred 15,000 in closing costs on the purchase of the new home. She purchased a new home for $425,000 on July 1