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Jack and Jill run Up the Hill Enterprises. They are married and file a joint tax return. Up the Hill is a venture dedicated to

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Jack and Jill run "Up the Hill" Enterprises. They are married and file a joint tax return. Up the Hill is a venture dedicated to all aspects of rock climbing. They have inventory, a website, and occasionally provide guided tours. The receipts for Up the Hill for this tax year have been recognized as follows: 1099-MISC 1099-K Direct Payments $17,300 $21,500 $10.150 The expenses for Up the Hill have been identified as follows: Advertising Truck Expenses Commissions Insurance (B2) Legal Fees Office Expense Site Rentals Travel Other Expenses Small Tools $1,000 $12.000 $1,100 $2,400 $1,800 $9.00g $14,000 $32,700 $6,000 $3,300 Using the information for Up the Hill Enterprises, answer the following: Up the Hill did have inventory but we don't have the amount right now. When we get that information from Jack and Jill, where is it reported on Schedule C? Choose one answer a. Part 1 b. Part X c. Part II d. Part IV Part V

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