Note: This problem is for the $2023$ tax year.

John Parsons $(123-45-6781)$ and George Smith $(123-45-6782)$ are $70\backslash \%$ and $30\backslash \%$ owners, respectively, of Premium, Inc. $(11-1111120),$ a candy company located at $100516$th Street, Cut and Shoot, TX $77303.$ Premium's S election was made on January $15,2014,$ its date of incorporation. The following information was taken from the company's $2023$ income statement:

A comparative balance sheet appears below. Instructions

The corporation did not own or use any digital assets during the year. Premium's accounting firm provides the following additional information:

Distributions to shareholders $($not reported on Form $1099-$DIV and Required:

Complete the $2023$ Form $1120-$S for Premium, Inc., Additional Information $-$ Continuation Statement, and Schedule K$-1$s for John Parsons and George Smith, $560720$th Street, Cut and Shoot, TX $77303.$

$-$ If an amount box does not require an entry or the answer is zero, enter $"0".$

$-$ Enter all amounts as positive numbers, unless otherwise instructed.

$-$ If required, round amounts to the nearest dollar.

$-$ Make realistic assumptions about any missing data.