Go to the IRS website (www.irs.gov) and print out copies of Schedule C for Form 1040, Schedule SE, and the first page of Form 1040 for 2017. Using the information in problem 25, complete these schedules and forms to the extent possible from the information given.

Data From Problem 25

John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer $100,000 of stocks and securities into Mason Enterprises’s name to show financial viability for the business. During the current year, the business had the following income and expenses from operations:

Consulting revenue ..............................$125,000
Travel expenses ........................................40,000
Transportation ............................................3,000
Advertising ...................................................7,000
Office expense ............................................3,000
Telephone ...................................................1,000
Dividend income ........................................5,000
Interest income ...........................................2,000
Charitable contribution .............................1,000
Political contribution .................................6,000