Valerie Lawson and Clara Norman are the sole equal shareholders in the corporation of Lawson And Norman Enterprises, Inc. each owning one hundred (100) shares of common stock of the corporation. The corporation, which is a retail office supplies and stationery store, began its operations on January 2, 1985 (also date of incorporation). For Federal Income Tax purposes, the corporation is a calendar year taxpayer. uses the Accrual Method Of Accounting and, since its year of inception, properly elected and maintained the S Corporation status. Its Employer Identification Number is 76-1234567, address is 4369 Robbie Lane Houston, Texas 77026-3915, telephone number is (281) 479-8132, fax number is (281) 536-1908 and E-Mail address is "lawsonandnormanenterprises.com". The business activity code for the corporation is 453210. Valerie Lawson, who is the designated Tax Matters Person for the corporation, has social security number of 234-56-7890, her address is 8124 Annette Court Houston, Texas 77031-9475 and her telephone number is (832) 246-8015. Clara Norman has social security number of 890-12-3456, her address is 2716 Nanette Drive Houston, Texas 77061-3459 and her telephone number is (832) 623-5097. FINANCIAL INFORMATION During the year of 2021, the Lawson And Norman Enterprises, Inc. reported the following Income and Expenses (including necessary accruals) for Financial Accounting purposes: Gross Receipts Sales Returns And Allowances Purchases $1,482,000 109,000 510,000 Dividends Received From Stock (Not Qualified Dividends) Investments In Less Than twenty percent (20%) Owned United States (U. S.) Corporation 80,000 Interest Income: Taxable Interest (Bank) I 18,000 Tax-Exempt Interest Salaries: Valerie Lawson Clara Norman Other Employees Repairs And Maintenance Rent Expense-Office 7,200 75,000 75,000 108,000 19,300 84,000 Rent Expense - Equipment 15,500 Payroll Taxes (Federal And State) 19,600 Interest Expense (Trade Or Business Interest) 25,200 Advertising Expense 33,500 Charitable Contributions ("60%" Charities) 48,000 Legal And Professional Fees 18,000 Depreciation Expense 50,000 * Utilities Expense 27,100 Employee's Health Insurance Premiums 14,200 Meals For Clients 5,000 Officers' Life Insurance Premiums 14,600 **