The Corporate Information worksheet asks the question, "Complete the return from GIFI?" Which of the following statements is INCORRECT?

Question $4$Answer

a$.$

GIFI refers to generally indexed financial information.

b$.$

If you answer yes, the amounts from the corporation's financial statements must be entered on schedules $100$ and $125.$

c$.$

Schedule $100$ reports the amounts from the corporation's balance sheet.

d$.$

Schedule $125$ reports the amounts from the corporation's statement of income.

e$.$

GIFI indicates that the financial information from the corporation's financial statements is not entered, as the T$2$ is prepared for income tax purposes only.