On January $20,2022,$ Javier Sanchez purchased and placed in service a new $7-$year class asset costing $$412,400$ for use in his landscaping business, which he operates as a single member LLC $($Sanchez Landscaping LLC$).$

Rather than using bonus depreciation, Javier would like to use $179$ to expense $$200,000$ of this asset and then use regular MACRS to cost recover the remaining cost. During $2022,$ his business generated a net income of $$494,880$ before any $179$ immediate expense election.

If required round your intermediate computations and final answers to the nearest dollar. Click here to access the

depreciation table to use for this problem.

Complete Javier's Form $4562($page $1)$ for $2022.$

Note: For $2022,$ the maximum $179$ is $$1,080,000$ and the threshold amount is $$2,700,000.$ If an amount is zero, enter $"0".$ Enter amounts as positive numbers.