Prepare tax Return. form $1120,$ schedule M$-3,$ Schedule D$,$ Schedule G$,$ Form $4562,$ Schedule $1125$

the accrual method of accounting $($GAAP$)$

The dividends received by DC during the year were paid by Apple, Inc. $($DC owns less than $20\%$ of Apple, Inc.$\text{'}$s stock$).$ DC had its sole municipal bond $($City of Florida$)$ redeemed $($bought back$)$ in the current year.

DC originally purchased the City of Florida bonds on February $1,2017$ for $$100,000($no premium or discount paid$).$

February $1,2023,$ for $$100,000.$ Both tax basis and proceeds received on this transaction were reported to DC on a Form $1099-$B$.$

DC purchased $200$ shares of Apple, Inc. on June $30,2018,$ for $$100,000($including commission$).$ On July $10,$ of the current year, DC sold the $200$ shares of Apple, Inc. for $$350$ a share $($including commission$).$ Both tax basis and proceeds received on this transaction were reported to $DC$ on a form $1099-$B$.$

During the year, DC contributed $$8,000$ to the American Lung Association.

On December $10,$ DC paid Chance Advertising $$27,500$ to design a new catering advertisement campaign for next year. This money represented half of the total $$55,000$ contract price. DC expects that the services will be provided and delivered to DC on about June $30,2024.$

DC prepaid an insurance premium of $$21,000$ in September. The new policy is effective October $1,2023,$ through September $30,2024.$

DC$\text{'}$s regular tax depreciation for the year is correctly calculated as $$350,000$ before considering the current year fixed asset additions of $$840,000.$ DC wants to claim the fastest recovery method$($s$)$ possible on these asset additions without electing any $179$ expensing.

On November $1,$ a large insurance company paid DC a $$100,000$ deposit to reserve catering event services on March $18,2024.$ The deposit is fully refundable until January $15,2024.$ Thereafter, half of the deposit becomes non$-$refundable.

Meal expenses were incurred for clients and DC staff at important meetings where business was conducted. DC did not incur any entertainment$-$related expenses in $2023.$

DC values its inventory at cost and has always used the specific identification method for reporting purposes. The company has never written down any inventory for any reason and the rules of Section $263$A $($UNICAP$)$ do not apply to DC$.$

DC made the following estimated Federal income tax payments: o April ${15}^{th},2023$:$$10,000$

o September ${15}^{th},2023$:$$10,000$ o June ${15}^{th},2023$:$$10,000$

o Recemberl $5^{th},2023$:$$5,000$

If applicable, DC wants any overpayment refunded.

DC did not make any dividend distributions or distributions in excess of current and accumulated earnings and profits during the current year.

DC has never disposed of more than $65\%($by value$)$ of its assets in a taxable, nontaxable, or tax$-$deferred transaction.

DC$\text{'}$s average annual gross receipts have never exceeded $$26$ million annually.