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Univex Is a calendar year, accrual basis retail business. Univex hold less than 20% of IBM stock. Its financial statements provide the following information for

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Univex Is a calendar year, accrual basis retail business. Univex hold less than 20% of IBM stock. Its financial statements provide the following information for the year. Revenues from salen of goods Cost of goods sold (FIFO) Gross profit Interest income from certificates of deponit Dividend income from IBM stock Gain from sale of IBM stock purchased in 2000 Bad debt expense Administrative salaries and vagen Business and employment taxes Interest expense on debt incurred to buy inventory Advertising Meals Property insurance premiums Depreciation Repairs and maintenance Supplies Utilities Contributions to charity $ 783,200 (417,500) $365, 700 1.300 6, 720 8,615 3,900 153,400 31,000 5,100 7,000 3,780 4,300 10,000 18,700 4,120 21,000 5,000 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. 2018 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 6 Form 1120 (For all requirements, enter all the values as positive values.) Complete this question by entering your answers in the tabs below. Schedule Parta 1065 PG 1 Part 1 SCHD K 1065 Part 2 1120 PG 1 Part 1 Schedule M: Part 2

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