Use pages IRS form $2022$ pages $1$&$6$ enter the data taken from BumBo enterprises company trial balance FYE october $31,2023$ when transfering TB data to the IRS Form $1120$ treat owners capital of $$495,988$ as if it were common stock and withdrawls of $15,000$ as if they were distributions

BumBo Enterprises Company Trial Balance

FYE October $31,2023$

$\backslash$table$[[,,,$Debit,,Credit$],[110,$Cash,$$,44,695,,],[115,$Accounts Receivable,,$54,908,,],[120,$Inventory,,$549,890,,],[130,$Prepaid Expenses,,$30,000,,],[150,$Equipment,,$408,599,,],[155,$Accumulated Depreciation,,,$$,66,119],[170,$Goodwill,,$550,000,,],[175,$Franchises,,$45,000,,],[210,$Salaries Payable,,,,$75,000],[215,$Accounts Payable,,,,$75,690],[220,$Deferred Revenue,,,,$10,000]$

Form $1120(2022)$

Page $6$

Schedule M$-1$ Reconciliation of Income $($Loss$)$ per Books With Income per Return

Note: The corporation may be required to file Schedule M$-3.$ See instructions.

Form $1120(2022)$

BumBo Enterprises Company Trial Balance

FYE October $31,2023$

$\backslash$table$[[,,,$Debit,,Credit$],[110,$Cash,$$,44,695,,],[115,$Accounts Receivable,,$54,908,,],[120,$Inventory,,$549,890,,],[130,$Prepaid Expenses,,$30,000,,],[150,$Equipment,,$408,599,,],[155,$Accumulated Depreciation,,,$$,66,119],[170,$Goodwill,,$550,000,,],[175,$Franchises,,$45,000,,],[210,$Salaries Payable,,,,$75,000],[215,$Accounts Payable,,,,$75,690],[220,$Deferred Revenue,,,,$10,000],[250,$Bonds Payable,,,,$40,000],[310,$Owner's Capital,,,,$495,988],[315,$Retained Earnings,,,,$147,000],[316,$Withdrawals,,$15,000,,],[415,$Sales Revenue,,,,$1,735,668$