Currently working on TRP:

Trying to solve for line 19 of Page 1 of Form 1120s

Line 19 is made up of 4 items. The answer is between $21,500 and $22,000.

So far, I understand that 3 of the 4 are:

1. Accounting and Legal: 2,500
2. Insurance: 6,000
3. Meals: 15,257 (multipled by 50% because they are not provided by restaurant)

Phil Williams and Liz Johnson are 60% and 40% shareholders, respectively, in WJ Corporation, a Subchapter S corporation. The corporation had the following activity during the year: During the year, the corporation made a distribution of $20,000, in total, to its shareholders. Complete page 1 , Schedule K, and Schedule M-1 of Form 1120S. (Enter all amounts as positive unless otherwise indicated in the forms themselves. Round your intermediate computations and \begin{tabular}{|c|c|c|c|} \hline \multirow{11}{*}{\begin{tabular}{l} Deductions (see \\ instructions for \\ limitations) \end{tabular}} & \multirow{4}{*}{\begin{tabular}{l} 11 Rents \\ 12 Taxes and licenses \\ 13 Interest (see instructions) \\ 14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) \end{tabular}} & \multicolumn{2}{|l|}{11} \\ \hline & & 12 & 15,548 \\ \hline & & 13 & 5,220 \\ \hline & & 14 & \\ \hline & 15 Depletion (Do not deduct oil and gas depletion.) & 15 & \\ \hline & 16 Advertising & 16 & \\ \hline & 17 Pension, profit-sharing, etc., plans & 17 & \\ \hline & 18 Employee benefit programs & 18 & \\ \hline & 19 Other deductions (attach statement) & 19 & \\ \hline & 20 Total deductions. Add lines 7 through 19 & 20 & 193,968 \\ \hline & 21 Ordinary business income (loss). Subtract line 20 from line 6 & 21 & 161,458 \\ \hline \end{tabular}