how would you complete form $1120$ with the following info

Jim's Auto Body $($Inc$.,$ or LLC$)$

$1122$ Sesame Street

New York, NY$,10002$

EIN $90-1234567$

Dated incorporated January $1$st$,2010$

Jim Jameson

$8701$ Electric Avenue

New York, NY$,10002$SSN: $123-45-6789$

Jim Jameson took on Fred as a partner for the LLC$.$

Fred owns $50\%$ of all profits, losses, and capital. You

do not have to complete Part $2K,L,$ or $M$ on the

$1065$ Schedule K$-1($there is not enough information

provided$).$

$$4,500$ salary expense is officer's compensation for

the corporation and guaranteed payment to

partners for the LLC$.$

$$55,000$ equipment is $7-$year property in its $5$th year

of service and was placed into service in the middle

of the year, thus using the half$-$year convention. Use

the correct table from the IRS$$Publication $946$: How

to Depreciate Property$-$to determine the tax

deductible depreciation. Form $4562$ is not required.$\backslash$table$[[,$Balance Sheet,$],[,$As of April $30,2020,],[$Assets$],[$Cash$,101,800,],[$Acct Rec'able,$20,000\_,],[$PP In$,1,100,],[$Equipment$,55,000,],[$Accu$.$ Dep.,,$500],[$Supplies$,2,600,],[$Total Assets,$180,000,],[\{$

$\backslash$table$[[\backslash$table$[[$Liabilities and,,$],[$Stockholders$\text{'}$ Equity.,,$],[$Liabilities:$,,]]]]\}],[],[$Accounts Payable,,$8,000],[$Salary Payable,,$3,000\_],[$Total Liabilities,,$11000\mathrm{.}00],[$Stockholders$\text{'}$ Equity:$],[$Common Stock,,$150,000],[$Retained Earnings,,$19000],[\backslash$table$[[$Total Stockholders'$],[$Equity$]],,169000\mathrm{.}00],[\backslash$table$[[$Total Liabilities and$],[$Stockholders$\text{'}$ Equity$]],180,000,]]$

Jim made four quarterly estimated tax payments of

$$800$ each over the course of the year.

In accordance with IRS instructions: "Corporations

with total receipts and total assets at the end of the

tax year less than $$250,000$ are not required to

complete Schedules L$,$ M$-1,$ and M$-2"($Internal

Revenue Service, n$.$d$.).$ This also applies to the LLC$.$

For the $1065$ Schedule K$-1,$ you will not have enough

information to fill out Part $2K,L,$ and $M.$