Question: For this question, I'm looking for help on filling in the information for Jeannie Abstracts' business. I updated the second screenshot. Tony & Jeannie Nelson
For this question, I'm looking for help on filling in the information for Jeannie Abstracts' business. I updated the second screenshot.


Tony \& Jeannie Nelson Jeannie Abstracts \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{2022} & \\ \hline Item Description & & Amount & Explanation/Computations as needed \\ \hline Revenue & & \\ \hline Cost of Goods Sold & & \\ \hline Gross Profit & & \\ \hline Business Expenses: & & \\ \hline Wages & & \\ \hline Taxes & & \\ \hline Utilities & & \\ \hline Depreciation & & \\ \hline Other Expenses & & \\ \hline Total Expenses & & \\ \hline Net Business Taxable Income (Loss) & & \\ \hline Self Employment Tax Deduction & & \\ \hline \end{tabular} 3) Jeannie is known for beautiful Arabian influenced abstracts. During May and August of this past year she had a virtual exhibition and sold paintings at each event. She estimates that the cost of each painting in canvas and supplies is about $425. a) The sales are as follows: i) May - 19 paintings for a total of $24,000 ii) August - 12 paintings for a total of $18,000 b) She paints in a studio located in a separate building on the property of their home. The expenses related to the studio allocated on the basis of square footage are as follows: i)
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