Prepare this tax return for 2020 using the appropriate forma and schedules.

This paper should accompany the tax return Failure to include this paper with your tax return will result in a reduction of your grade on this assignment of 25 points. Prepare this tax return for 2020 using the appropriate forms and schedules. Use your best judgment. You may have to make some calculations. Do your own work. If I see a pattern of cheating, you will not get credit for this assignment. TigerPaw, a partnership is located at 3201 Wheeler, Houston, TX 77004. Its Employer identification Number is 12-3456789 and it started business on April 1,2020. Tiger owns 60% of the business and Paw owns the other 40%. Prepare the partnership's tax return an Tiger's Distributive share. Tiger Paw Partnership Income Statement For the Year Ended December 31, 2020 Lawn and Garden sales $215,500.00 Seeding services 212,450.00 Interest earned 566.00 Gross Income $428,516.00 0.00 74,025.00 Cost of Goods Sold: Beginning inventory Purchases Ending inventory Cost of Goods Sold Gross profit 64,925.00 $363,591.00 Expenses: Accounting (organizational costs) Advertising Attorney fees (organizational costs) Bookkeeping Depreciation Guaranteed payments Insurance-business Interest expense Meals Office expenses Payroll taxes Rent Utilities Wages Total Expenses $ 2,500.00 $ 3,000.00 2,000.00 2,800.00 4,959.00 104,100.00 3,250.00 916.36 1,100.00 2,325.00 9,928.00 9,000.00 2,850.00 166,376.18 ? Net income per books ? Balance Sheet - TSU Partnership (December 31, 2020) Assets: Cash Inventory Equipment Display shelving Office furniture Computers Accumulated depreciation) Organization costs Start-up costs Total Assets $122,526.29 9,100.00 23,600.00 8,950.00 3,675.00 3,890.00 (4,959.00) 4,500.00 1,660.00 $172,942.29 Liabilities: Withholding payable Sales tax payable Loan payable Total liabilities 1,393.47 1,234.64 20,459.27 $ 23,087.38 $100,000.00 Equity: Capital contributions Current earnings Distributions Total equity (10,000.00 $138486.46 Total liabilities plus equity $172,942.29 This paper should accompany the tax return Failure to include this paper with your tax return will result in a reduction of your grade on this assignment of 25 points. Prepare this tax return for 2020 using the appropriate forms and schedules. Use your best judgment. You may have to make some calculations. Do your own work. If I see a pattern of cheating, you will not get credit for this assignment. TigerPaw, a partnership is located at 3201 Wheeler, Houston, TX 77004. Its Employer identification Number is 12-3456789 and it started business on April 1,2020. Tiger owns 60% of the business and Paw owns the other 40%. Prepare the partnership's tax return an Tiger's Distributive share. Tiger Paw Partnership Income Statement For the Year Ended December 31, 2020 Lawn and Garden sales $215,500.00 Seeding services 212,450.00 Interest earned 566.00 Gross Income $428,516.00 0.00 74,025.00 Cost of Goods Sold: Beginning inventory Purchases Ending inventory Cost of Goods Sold Gross profit 64,925.00 $363,591.00 Expenses: Accounting (organizational costs) Advertising Attorney fees (organizational costs) Bookkeeping Depreciation Guaranteed payments Insurance-business Interest expense Meals Office expenses Payroll taxes Rent Utilities Wages Total Expenses $ 2,500.00 $ 3,000.00 2,000.00 2,800.00 4,959.00 104,100.00 3,250.00 916.36 1,100.00 2,325.00 9,928.00 9,000.00 2,850.00 166,376.18 ? Net income per books ? Balance Sheet - TSU Partnership (December 31, 2020) Assets: Cash Inventory Equipment Display shelving Office furniture Computers Accumulated depreciation) Organization costs Start-up costs Total Assets $122,526.29 9,100.00 23,600.00 8,950.00 3,675.00 3,890.00 (4,959.00) 4,500.00 1,660.00 $172,942.29 Liabilities: Withholding payable Sales tax payable Loan payable Total liabilities 1,393.47 1,234.64 20,459.27 $ 23,087.38 $100,000.00 Equity: Capital contributions Current earnings Distributions Total equity (10,000.00 $138486.46 Total liabilities plus equity $172,942.29