Thomas Jones $($SSN: $123-45-6789)$ owns a business in which he charges storage fees for warehouse space to customers. The business is a sole proprietorship called $$Thomas Storage.$($Catchy$,$ isn$$t it$?)$ It is located at $6$ Main Street, Anywhere, PA $11111.$ The company does not own any real estate; it rents an office, warehouse, and all equipment to provide its services. The company uses the cash basis of accounting to record transactions and determine taxable income.