Time Remaining 1 hour 52 minutes 58 seconds01:52:58\ Item 1\ Time Remaining 1 hour 52 minutes 58 seconds01:52:58\ Ava Miller has just completed the second year of operating her veterinary clinic. You have been retained by Ava for tax assistance and advice. At a recent meeting, you gathered information on her practice, which is presented below.\ \ \ For the year ended December 31, 2023, the clinic showed a profit of $149,700, as follows:\ \ \ Professional service $ 388,400 \ Gross profit from surgical instrument sales 33,900 \ $ 422,300 \ Administration and other expenses (276,200 ) \ 146,100 \ Interest income 3,600 \ Net income $ 149,700 \ \ Included in the above is depreciation/amortization expense of $27,800 on fixed assets and amortization of development costs of $3,600 related to the metal alloy research. Additional information for 2023 is outlined below.