Use the following information for JKEB Corporation to complete pages 1 through 3 of the 2011 Form 1120.

Address: 1994 Lincoln St, Township, FL 34691 Employer Identification Number: 98- 325465 Date Incorporated: 01-01-11 Accounting Method: Accrual

Use the following link to determine the principal business activity code:

• IRS Form 1120

JKEB Corporation's activities are focused more on sporting goods than apparel. They are not a subsidiary of another corporation and no entity owns more than 20% of JKEB Inc.

Total Assets	$2,250,000
Total Receipts/Sales	$3,750,000
Returns and Allowances	$187,500
Cost of Goods Sold	$950,000
Dividends from less than 20% owned investees	$300,000
Dividends from 20% or more owned investees	$15,000
Interest	$5,000
Income from store vending machines	$1,500
Salaries and Wages	$150,000
Bad Debts	$12,500
Rent	$40,000
Charitable contributions during 2011	$2,000
Advertising	$5,000
Repairs	$2,750
Tax Deposits during 2011	$10,000

1120-C Department of the Treasury Internal Revenue Service A 1 2 3 Tax, Refundable Credits, and Payments Deductions (See instructions for limitations on deductions.) Income D Check if: Consolidated return (attach Form 851) Schedule M-3 (Form 1120) attached Form 1120 filed in previous tax year Check if: (1) U.S. Income Tax Return for Cooperative Associations For calendar year 2011 or tax year beginning See Please type or print Form , 2011, ending 2011 , 20 separate instructions. Name B Employer identification number Number, street, and room or suite no. If a P.O. box, see instructions. C (1) Check if: Farmers' tax exempt cooperative . . . (2) Nonexempt cooperative . City or town, state, and ZIP code Initial return (2) Final return (3) Name change (4) Address change 1a 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25a b c 26 Gross receipts or sales b Less returns and allowances c Bal Cost of goods sold from Form 1125-A, line 8 (attach Form 1125-A) (see instructions) . . . Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . Dividends (Schedule C, line 19) . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gross rents and royalties . . . . . . . . . . . . . . . . . . . . . . . Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . Other income (see instructionsattach schedule) . . . . . . . . . . . . . . . Total income. Add lines 3 through 9 . . . . . . . . . . . . . . . . . . Compensation of officers (attach Form 1125-E) . . . . . . . . . . . . . . . . Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . Domestic production activities deduction (attach Form 8903) . . . . . . . . . . . Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . Total deductions. Add lines 11 through 23 . . . . . . . . . . . . . . . . Taxable income before adjustments and special deductions. Subtract line 24 from line 10 25a Deductions and adjustments from Schedule H, line 5 . . . . . 25b Taxable income before net operating loss and special deductions. Subtract line 25b from line 25a Less: a Net operating loss deduction (see instructions) . . . . 26a b Special deductions (Schedule C, line 20) . . . . . . 26b 27 Taxable income. Subtract line 26c from line 25c (see instructions) . . . . . . . . . . 28 Total tax (Schedule J, line 9) . . . . . . . . . . . . . . . . . . . . . . 29a 2010 overpayment credited to 2011 29a b 2011 estimated tax payments . 29b ) d Bal 29d c 2011 refund applied for on Form 4466 29c ( e Tax deposited with Form 7004 . . . . . . . . . . . . 29e f Credits: (1) Form 2439 (2) Form 4136 29f g Refundable credits from Form 3800, line 17c, and Form 8827, line 8c 29g h Section 1383 adjustment (see instructions) . . . . . . . . 29h 30 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . 31 Amount owed. If line 29i is smaller than the total of lines 28 and 30, enter amount owed . . 32 Overpayment. If line 29i is larger than the total of lines 28 and 30, enter amount overpaid . . 33 Enter amount of line 32 you want: Credited to 2012 estimated tax Refunded (5) . . Amended return 1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25c 26c 27 28 29i 30 31 32 33 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of officer Paid Preparer Use Only Date Print/Type preparer's name Firm's name Preparer's signature Sign Here OMB No. 1545-2052 May the IRS discuss this return with the preparer shown below (see instructions)? Yes No Title Date PTIN Firm's EIN Firm's address For Paperwork Reduction Act Notice, see separate instructions. Check if self-employed Phone no. Cat. No. 47554F Form 1120-C (2011) Page 2 Form 1120-C (2011) Schedule C 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Dividends and Special Deductions (see instructions) (a) Dividends received Dividends from less-than-20%-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . Dividends on debt-financed stock of domestic and foreign corporations . . . . . . . . . . . . . . . . . . . . Dividends on certain preferred stock of less-than-20%-owned public utilities . . . . . . . . . . . . . . . . . . . . . . Dividends on certain preferred stock of 20%-or-more-owned public utilities . . . . . . . . . . . . . . . . . . . . . Dividends from less-than-20%-owned foreign corporations and certain FSCs . . . . . . . . . . . . . . . . . . . . . . Dividends from 20%-or-more-owned foreign corporations and certain FSCs . . . . . . . . . . . . . . . . . . . . . . (b) % 70 80 See instructions 42 48 70 80 100 Dividends from wholly owned foreign subsidiaries . . . . . . . Total. Add lines 1 through 8. See instructions for limitation . . . . Dividends from domestic corporations received by a small business investment company operating under the Small Business Investment Act of 1958 . . . Dividends from affiliated group members . . . . . . . . . . Dividends from certain FSCs . . . . . . . . . . . . . . Dividends from foreign corporations not included on lines 3, 6, 7, 8, 11, or 12 . . . . . . . . . . . . . . . . . . . . . . Income from controlled foreign corporations under subpart F (attach Form(s) 5471) . . . . . . . . . . . . . . . . . . . Foreign dividend gross-up . . . . . . . . . . . . . . . IC-DISC and former DISC dividends not included on lines 1, 2, or 3 . Other dividends . . . . . . . . . . . . . . . . . . . Deduction for dividends paid on certain preferred stock of public utilities Total dividends. Add lines 1 through 17. Enter here and on page 1, line 4 . . . . . . . . . . . . . . . . . . . . . Total special deductions. Add lines 9, 10, 11, 12, and 18. Enter here and on page 1, line 26b (c) Deduction ((a) (b)) 100 100 See instructions . . Form 1120-C (2011) Page 3 Form 1120-C (2011) Schedule G Allocation of Patronage and Nonpatronage Income and Deductions. Before completing, see Schedule K, Question 14. (a) Patronage 1 2 3 4 5 6a b c 7 8 9a b 10 11 Net operating loss deduction (attach schedule) . . . . . . . Special deductions (see instructions) . . . . . . . . . . . Taxable income. Subtract the total of lines 8, 9a, and 9b from line 7 Combined taxable income. Combine columns (a) and (b) of line instructions) . . . . . . . . . . . . . . . . . . . 12 13 Unused patronage loss (see instructions) . . Unused nonpatronage loss (see instructions) . Schedule H . . . . . . . . . . . . . . . . . 10 . . . 7 8 9a 9b 10 . . . . . . (see . . . . (b) Nonpatronage 1 2 3 4 5 6a 6b 6c Gross receipts or sales . . . . . . . . . . . . . . . . . . Cost of goods sold . . . . . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1 . . . . . . . . . . . . . Other income . . . . . . . . . . . . . . . . . . . . . Total income. Combine lines 3 and 4 . . . . . . . . . . . . . Domestic production activities deduction (attach Form 8903) . . . . . . Other deductions . . . . . . . . . . . . . . . . . . . . Total deductions (add lines 6a and 6b) . . . . . . . . . . . . . Taxable income before section 1382, NOL, and special deductions. Subtract line 6c from line 5 . . . . . . . . . . . . . . . . . . . . Deductions and adjustments under section 1382 from Schedule H, line 5 (see instructions) . . . . . . . . . . . . . . . . . . . . . . 11 12 13 . . Deductions and Adjustments Under Section 1382 (see instructions) 1 Dividends paid on capital stock (section 521 cooperatives only) . . . . . . . . . 1 2 3 Nonpatronage income allocated to patrons (section 521 cooperatives only) . Patronage dividends: Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . 3a . . . . . . . 3b c Other property (except nonqualified written notices of allocation) . . . . . . . . . . . d Money or other property (except written notices of allocation) in redemption of nonqualified written notices of allocation . . . . . . . . . . . . . . . . . . . . . . . . . . 3c a b Qualified written notices of allocation . . . . . . . . . . . . . . . . . 4 Domestic production activities deduction allocated to patrons . . 5 Total. Combine lines 1 through 4. Enter here and on page 1, line 25b, and Schedule G, line 8 . . . . . . . . . . . . 3d 4 ( 5 ) Form 1120-C (2011) Page 4 Form 1120-C (2011) Schedule J 1 2 3 4 5a b c d e 6 7 8 9 Tax Computation (see instructions) Check if the cooperative is a member of a controlled group (attach Schedule O (Form 1120)) Income tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . Alternative minimum tax (attach Form 4626) . . . . . . . . . . . . . . . . . . Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign tax credit (attach Form 1118) . . . . . . . . . . . 5a Credit from Form 8834, line 30 . . . . . . . . . . . . . 5b General business credit (attach Form 3800) . . . . . . . . . 5c Credit for prior year minimum tax (attach Form 8827) . . . . . . 5d Bond credits from Form 8912 (attach Form 8912) . . . . . . . 5e Total credits. Add lines 5a through 5e . . . . . . . . . . . . . . . . . . . . Subtract line 6 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . Other taxes. Check if from: Form 4255 Form 8611 Other (attach schedule) Form 8902 Total tax. Add lines 7 and 8. Enter here and on page 1, line 28 . . . . . . . . . . . . Schedule K Check accounting method: a Cash b Accrual Other (specify) c 2 See the instructions and enter the: a Business activity code no. b Business activity c Product or service d Date of incorporation 3 Check the accounting method used to compute distributable patronage: 4 5 6 7 8 6 7 8 9 Other Information (see instructions) 1 a b c 2 3 4 Book Tax Other (specify) At the end of the tax year, did the cooperative own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attribution, see section 267(c).) . . . If \"Yes,\" attach a schedule showing: (a) name and employer identification number (EIN), (b) percentage owned, and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending with or within your tax year. Is the cooperative a subsidiary in an affiliated group or a parent-subsidiary controlled group? If \"Yes,\" enter name and EIN of the parent corporation At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly, 50% or more of the cooperative's voting stock? (For rules of attribution, see section 267(c).) . . . . . If \"Yes,\" attach a schedule showing name and identifying number. (Do not include any information already entered in 5 above.) Enter percentage owned Enter the cooperative's total assets (see instructions) $ At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of (a) the total voting power of all classes of stock of the cooperative entitled to vote or (b) the total value of all classes of stock of the cooperative? . . . . . . . . . . . . If \"Yes,\" enter: (a) Percentage owned and (b) Owner's country c The cooperative may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Enter number of Forms 5472 attached Yes No 9 Yes No Check this box if the cooperative issued publicly offered debt instruments with original issue discount . . . If checked, the cooperative may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. 10 11a Enter the amount of tax-exempt income received or accrued during the tax year (for example, interest or extraterritorial income) $ Enter the number of foreign patrons at the end of the tax year b Enter the total amount of patronage distributions described in (or deducted under) IRC 1382(b) paid or allocated to foreign patrons If the cooperative has an NOL for the tax year and is 12 electing to forego the carryback period, check here If the cooperative is filing a consolidated return, the statement required by Regulations section 1.1502-21(b) (3) must be attached or the election will not be valid. 13 14 15 Enter the available NOL carryover from prior tax years (Do not reduce it by any deduction on page 1, line 26a.) Patronage $ Nonpatronage $ Are the cooperative's total receipts (page 1, line 1a plus lines 4 through 9) for the tax year and its total assets at the end of the tax year less than $250,000? If \"Yes,\" the cooperative is not required to complete Schedules G, L, M-1, or M-2. Instead, enter the total amount of cash distributions and the book value of property distributions (other than cash) made during the tax year. $ Enter the amount of outstanding nonqualified notices of allocation (attach schedule) Form 1120-C (2011) Page 5 Form 1120-C (2011) Schedule L 1 2a b 3 4 5 6 7 8a b 9a b 10 11a b 12 13 Balance Sheets per Books Assets Cash . . . . . . . . . . . Trade notes and accounts receivable . Less allowance for bad debts . . . Inventories . . . . . . . . . Other current assets (attach schedule) Investments (see instructions) . . . Loans to shareholders . . . . . Mortgage and real estate loans . . Buildings and other depreciable assets Less accumulated depreciation . . Depletable assets . . . . . . . Less accumulated depletion . . . Land (net of amortization) . . . . Intangible assets (amortizable only) . Less accumulated amortization . . Other assets (attach schedule) . . . Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning of tax year (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . End of tax year (b) (c) (d) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Liabilities and Capital 14 15 16 17 18 19 20 Accounts payable . . . . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach schedule) . . . Loans from shareholders . . . . . . . . . Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach schedule) . . . . . . Capital stock: a Preferred stock . . . . . b Common stock . . . . . 21 Additional paid-in capital . . . . . . . . . 22 Patronage dividends allocated in noncash form . 23 Per-unit retains allocated in noncash form . . . 24 Retained earningsAppropriated (attach schedule) 25 Retained earningsUnappropriated . . . . . 26 Adjustments to shareholders' equity (attach schedule) 27 Less cost of treasury stock . . . . . . . . ( ) ( Total liabilities and capital . . . . . . . . 28 Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or moresee instructions 1 2 3 4 Net income (loss) per books . . . . Federal income tax per books . . . Excess of capital losses over capital gains Income subject to tax not recorded on books this year (itemize): 7 Income recorded on books this year not included in this tax return (itemize): Tax-exempt interest $ 8 Deductions in this tax return not charged against book income this year (itemize): a Depreciation . . . . $ b Charitable contributions $ 5 Expenses recorded on books this year not deducted in this return (itemize): $ a Depreciation . . . b Charitable contributions $ c Travel and entertainment $ 6 Schedule M-2 1 2 3 4 9 10 Add lines 1 through 5 ) Add lines 7 and 8 . . . . . . . Income (page 1, line 25a)line 6 less line 9 Analysis of Unappropriated Retained Earnings per Books (Schedule L, line 25) Balance at beginning of year Net income (loss) per books . Other increases (itemize): Add lines 1, 2, and 3 . . . . . . . . . . . . 5 6 7 8 a Cash . . . . . b Stock . . . . . c Property . . . . Other decreases (itemize): Add lines 5 and 6 . . . . . . . Balance at end of year (line 4 less line 7) Distributions: Form 1120-C (2011)