Jeff and JoAnn Jefferson are married and have a joint consulting business as a sole proprietorship. Below are the Income Statement and Balance Sheet for calendar

Income Statement

Consulting revenue $

Salaries expense, employees

Payroll tax expense

Owners Draws

Rent expense

Depreciation

Travel expense

Health Insurance employees

Health Insurance owners

Meals

Entertainment

Supplies

Net Book Income $

Balance Sheet

Assets:

Cash

Computer

Computer AD

Total Assets: $

Common Stock

Retained Earnings

Total Liabilities and Equity $

Tax return : Assuming Jay and JoAnn have an unincorporated business that they run as a sole proprietorship, prepare their joint Federal income tax return for Assume that they have no dependents, do have insurance coverage, do not have any other income or itemized deductions, and they made quarterly Federal income tax payments totaling $ Dont forget to include a standard deduction. You should complete a Schedule C Schedules & SE Form Form and a Form Attached above are the income statement and balance sheet