PROBLEM Sully is a single, self-employed flight instructor with no dependents. He uses the standard deduction on his tax return. He provides the following information about his business to you for use in preparing his 2017 tax return: Income Fees from flight instruction $120,000 Gross Expenses Malpractice insurance Facility rent Office expenses Travel expense Meals and entertainment (in total) Contract labor Repairs & Maintenance Utilities (electric, water, gas, etc.) Advertising S 8,000 12,000 5,500 2,000 6,500 30,000 1,400 1,250 3,500 Sully also drove his car 5,000 miles for business and used the standard mileage method for computing transportation costs. Prepare Sully's Schedule C, Schedule SE, and Form 1040 for 2017 (see irs.gov to download applicable forms). PROBLEM Sully is a single, self-employed flight instructor with no dependents. He uses the standard deduction on his tax return. He provides the following information about his business to you for use in preparing his 2017 tax return: Income Fees from flight instruction $120,000 Gross Expenses Malpractice insurance Facility rent Office expenses Travel expense Meals and entertainment (in total) Contract labor Repairs & Maintenance Utilities (electric, water, gas, etc.) Advertising S 8,000 12,000 5,500 2,000 6,500 30,000 1,400 1,250 3,500 Sully also drove his car 5,000 miles for business and used the standard mileage method for computing transportation costs. Prepare Sully's Schedule C, Schedule SE, and Form 1040 for 2017 (see irs.gov to download applicable forms)