Univex is a calendar year, accrual basis retail business. Its financial statements provide the following information for the year: Revenues from sales of goods Cost of goods sold (FIFO) Gross profit Interest income from certificates of deposit 783,200 (417,500) 365,700 1,300 6,720 8,615 3,900 153,400 31,000 Dividend income from IBM stock Gain from sale of IBM stock purchased in 2000 Bad debt expense Administrative salaries and waqes Business and employment taxes Interest expense on debt incurred to buy inventory Advertising 5,100 7,000 3,780 4,300 Meals Property insurance premiums Depreciation Repairs and maintenance Supplies Utilities 10,800 18,700 4,120 21,000 5,000 Contributions to charity Univex's records reveal the following facts: Bad debt expense equals the addition to an allowance for bad debts. Actual write-offs of uncollectible accounts totaled $2,000 MACRS depreciation for the year was $21,240. Univex made no dispositions of operating assets. The owners did not receive compensation or withdraw any funds from Univex. Univex is entitled to an $1,800 general business credit. a. Assume Univex is a sole proprietorship. Complete Schedule C, Form 1040. b-1. Assume Univex is an LLC. Complete page 1, Form 1065 b-2. Assume Univex is an LLC. Complete Schedule K, Form 1065 c-1. Assume Univex is a corporation operating in a state without a corporate income tax. Univex made estimated federal tax payments totaling $23,500. Compute taxable income on page 1, Form 1120, calculate Univex's federal income tax, and complete page 1, Form 1120. c-2. Assume Univex is a corporation operating in a state without a corporate income tax. Univex made estimated federal tax payments totaling $23,500. Reconcile Income (Loss) as per Books With Income per Return. Complete Schedule M-1, page 5, Form 1120. NOTE: Although the available forms are for 2017, please use 2018 tax rules to calculate taxable income and corporate tax liability. Enter all amounts as positive unless otherwise indicated in the forms themselves. Complete this question by entering your answers in the tabs below. 1120 PG 1 Schedule C 1065 PG 1 SCHD K 1065 Schedule M1 Part c2 Part a Part b1 Part b2 Part c1 Univex is a calendar year, accrual basis retail business. Its financial statements provide the following information for the year: Revenues from sales of goods Cost of goods sold (FIFO) Gross profit Interest income from certificates of deposit 783,200 (417,500) 365,700 1,300 6,720 8,615 3,900 153,400 31,000 Dividend income from IBM stock Gain from sale of IBM stock purchased in 2000 Bad debt expense Administrative salaries and waqes Business and employment taxes Interest expense on debt incurred to buy inventory Advertising 5,100 7,000 3,780 4,300 Meals Property insurance premiums Depreciation Repairs and maintenance Supplies Utilities 10,800 18,700 4,120 21,000 5,000 Contributions to charity Univex's records reveal the following facts: Bad debt expense equals the addition to an allowance for bad debts. Actual write-offs of uncollectible accounts totaled $2,000 MACRS depreciation for the year was $21,240. Univex made no dispositions of operating assets. The owners did not receive compensation or withdraw any funds from Univex. Univex is entitled to an $1,800 general business credit. a. Assume Univex is a sole proprietorship. Complete Schedule C, Form 1040. b-1. Assume Univex is an LLC. Complete page 1, Form 1065 b-2. Assume Univex is an LLC. Complete Schedule K, Form 1065 c-1. Assume Univex is a corporation operating in a state without a corporate income tax. Univex made estimated federal tax payments totaling $23,500. Compute taxable income on page 1, Form 1120, calculate Univex's federal income tax, and complete page 1, Form 1120. c-2. Assume Univex is a corporation operating in a state without a corporate income tax. Univex made estimated federal tax payments totaling $23,500. Reconcile Income (Loss) as per Books With Income per Return. Complete Schedule M-1, page 5, Form 1120. NOTE: Although the available forms are for 2017, please use 2018 tax rules to calculate taxable income and corporate tax liability. Enter all amounts as positive unless otherwise indicated in the forms themselves. Complete this question by entering your answers in the tabs below. 1120 PG 1 Schedule C 1065 PG 1 SCHD K 1065 Schedule M1 Part c2 Part a Part b1 Part b2 Part c1