Question: How would I be filing 2019 tax return form using the given information? This is all the information given to me by the professor. Format

 How would I be filing 2019 tax return form using the

How would I be filing 2019 tax return form using the given information? This is all the information given to me by the professor.

given information? This is all the information given to me by the

Format Tools Data Window Help AutoSave OFF Home Insert Draw Page Layout Formulas Data Review View Tel Calibri (Body) 11 A" A E E 29 W Paste BI U V V Av E Mer 20 X V fx A B C D E F G H Mr. X and Y each invested $50,000 to start a plumbing business on 01/01/2019 Prepare 2019 CORPORATE Tax Return from the following information Dr Cr Cash 23,000 Accounts Receivable 85,000 Investment in Stocks/Bonds 30,000 Equpment 185,000 Accumulated Depreciation 43,000 Accounts Payable 120,000 Common Stock 100,000 Sales 873,000 Interest income 2,500 5 Dividend ( 5% owned) 1,500 6 Cost of sales 450,000 Salaries to X 50,000 8 Salaries to Y 50,000 9 Other salaries 85,000 0 Charitable Contribution 1,000 Rent 60,000 2 Utilities 18,000 Penalties 1,000 4 Advertising 24,000 Depreciation-MACRS 43,000 6 Contract Labor 35,000 8 1,140,000 1,140,000 9 Taxable Income 60,250 Partnership Sheet1 +

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