Use the following information to fill out form 1040 Schedule C for 2018.

Paul Vance is self- employed as a dentist.

Paul practices under the name "Paul J. Vance, DDS." His business is located at 645 West Avenue, Cincinnati, OH 45211, and his employer identification number is 01-2222222. Paul's gross receipts during the year were $111,000. Paul uses the cash method of accounting for his business. Paul's business expenses are as follows:

Advertising 1,200

Professional dues 490

Professional journals for dentists 360

Contributions to employee pension plans 2,000

Malpractice insurance 3,200

Fine for overbilling State of Ohio for work performed on welfare patients 5,000

Insurance on office contents 720

Interest on money borrowed to refurbish office 600

Accounting services 2,100

Miscellaneous office expense 388

Office rent 12,000

Dental supplies used in dental services for patients 7,672 part of cost of goods sold.

Utilities and telephone 3,360

Wages 30,000

Payroll taxes 2,400

In June, Paul decided to refurbish his office. This project was completed and the assets placed in service on July 1 2018. Paul's expenditures included $8,000 for new office furniture, $6,000 for new dental equipment (seven-year recovery period), and $2,000 for a new computer. Paul elected to compute his cost recovery allowance using MACRS. He did not elect to use 179 immediate expensing and he chose not to claim any bonus depreciation.