Using the data provided below, prepare form 1065 for the Shelton Edmonds, LLC an Schedule K-1 for Shelton Edmonds.

Using the data provided below, prepare Form 1065 for the Shelton Edmonds, LLC and Schedule K-1 for Shelton Edmonds. Shelton Edmonds, LLC has as its address 3100 Cleburne, Houston, TX 77004, and it was formed on January 3, 2014. It is a roofing company with a business code of 442299 and its employer identification number is 86-0806200 withdrawals Profit/Loss Guar. Payment 25,000 Shelton Edmonds 60,000 229-87-0123 50% 20,000 12,500 Mary Edmonds 228-78-5432 25% Tiger Edmonds 12,500 20,000 225-66-7777 25% During the year, the partnership purchased additional office equipment at a cost of 10,000. The partnership uses the accrual method of accounting. Additional data include: 800 Repairs $438,262 Sales Bad debts 2,000 20,000 Sales returns 15,000 Rents 205,000 Purchases 8,000 Taxes 1,000 Dividends Contributions 1,400 Interest City of Houston 20,000 Depreciation 1,500 Bonds (Form 4562 not shown) 18,000 Advertising End of Year Beginning of Year Financial Balance Sheet 8,700 11,200 Cash 53,062 55,000 Accounts Receivable 45,000 40,000 Inventories 10,000 10,000 Investments 160,000 150,000 Depreciable assets (40,000) (20,000) Accumulated depreciation 35,000 000 Accounts payable 216,200 Partners' capital accounts