This problem requires IRS Form 1120 to be completed. I am willing to pay extra for this to be completed right away!

C:3-66 Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of musical instruments with an employer identification number (EIN) of XX-2015013. The company incorporated on December 31, 2009, and began business on January 2, 2010. Table C:3-4 contains balance sheet information at January 1, 2013, and December 31, 2013. Table C:3-5 presents an income statement for 2013. These schedules are presented on a book basis. Other information follows the tables. Estimated Tax Payments (Form 2220): The corporation deposited estimated tax payments as follows: April 15, 2013 $120,000 June 17, 2013 241,000 September 16, 2013 290,000 December 16, 2013 290,000 Total $941,000 Some dates are the 16th or 17th because the 15th falls on a weekend or holiday. Taxable income in 2012 was $1.2 million, and the 2012 tax was $408,000. The corporation C3-65C3-66earned its 2013 taxable income evenly throughout the year. Therefore, it does not use the annualization or seasonal methods.

TABLE C:3-4 Melodic Musical Sales, Inc.