One hundred percent of the outstanding membership of Foxtrot Company, LLC (the Company), which was formed on January 1, 2022, is owned by Haywood Dawson. The Company owns and rents commercial real estate to unrelated parties. In connection with your completion of Mr. Dawson's tax returns for 2022, he brings you the following 2022 trial balance for the Company.

   

Prepare the necessary tax form for presentation of this information to the IRS. Ignore any other taxable income or deductions that Mr. Dawson may have.

 

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Foxtrot Company LLC Trial Balance 12.31.22 Cash Rental property Accumulated depreciation Deposits Mortgage payable bank Membership interest Rents Depreciation Interest expense Utilities Insurance Real estate taxes Advertising Snow removal Lawn care Security De bits 600,000 2,678,000 75,000 70,000 2,500 3,000 16,000 1,000 1,000 2,000 1,500 Credits 75,000 125,000 1,500,000 1,000,000 750,000 3,450,000 3,450,000 Foxtrot Company LLC Trial Balance 12.31.22 Cash Rental property Accumulated depreciation Deposits Mortgage payable bank Membership interest Rents Depreciation Interest expense Utilities Insurance Real estate taxes Advertising Snow removal Lawn care Security De bits 600,000 2,678,000 75,000 70,000 2,500 3,000 16,000 1,000 1,000 2,000 1,500 Credits 75,000 125,000 1,500,000 1,000,000 750,000 3,450,000 3,450,000