PLEASE HELP ON LINE $28,$ LINE $29$B$,$ and LINE $31$

Required Information

While James Craig and his former classmate faul Dolittle both studied accounting at school, they ended up pursuing careers in professlonal cake decorating. Thelr company, Good to Eat $($GTE$),$ specializes In custom$-$sculpted cakes for weddings, birthdays, and other celebrations. James and Paul formed the business at the beginning of $2022,$ and each contributed $$170,000$ in exchange for a $50$ percent ownership interest. GTE also borrowed $$680,000$ from a local bank Both James and Paul had to personally guarantee the loan. Both owners provide significant services for the business. The following information pertalns to GTE's $2022$ activitles:

GTE uses the cash method of accounting $($for both book and tax purposes$)$ and reports income on a calendar$-$year basls.

GTE recelved $$1,050,000$ of sales revenue and reported $$490,000$ of cost of goods sold $($It did not have any ending Inventory$).$

GTE pald $$90,000$ compensation to James, $$90,000$ compensation to Paul, and $$100,000$ of compensation to othe employees $($assume these amounts include applicable payroll taxes, If any$).$

GTE paid $$27,000$ of rent for a building and equipment, $$32,000$ for advertising, $$47,600$ in interest expense, $$5,200$ GTE contributed $$11,000$ for supplies.

GTE recelved a $$3,400$ qualified dividend from a great stock investment $($It owned $2$ percent of the corporation distributing the dividend$),$ and it recognized $$2,700$ in short$-$term capital galn when it sold some of the stock.

On December $1,2022,$ GTE distributed $$32,000$ to James and $$32,000$ to Paul.

GTE has quallified property of $$312,000($unadjusted basis$).$

Note: Leave no answers blank. Enter zero if applicable. Enter N$/$A if not applicable.

c$-1.$ Assume James and Paul formed GTE as a C corporation.

Complete GTE's Form $1120,$ page $1$

Note: Use $2022$ tax rules regardless of year on tax form.

Form $1120$

Complete GTE's Form $1120,$ page $1.$

$4.4.$ What amount of tax does GTE pay on the $$3,400$ qualified dividend it received?

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

Answer is complete but not entirely correct.