Using the information provided below, complete First Place Inc.$$s $($FPI$)2024$ Form $1120$S$.$ Also complete Kate Kleiber$$s Schedule K$-1$ and the forms $1125-$A and $1125-$E$.$ Form $4562$ for depreciation is not required. Include the amount of tax depreciation given in the problem on the appropriate line on the first page of Form $1120-$S$.$ If any information is missing, use reasonable assumptions to fill in the gaps. The forms, schedules, and instructions can be found at the IRS website $($www$.$irs.govLinks to an external site.$).$ The instructions can be helpful in completing the forms. Facts: First Place Inc. $($FPI$)$ was formed as a corporation on January $5,2019,$ by its two owners Kate Kleiber and James Chandler. FPI immediately elected to be taxed as an S corporation for federal income tax purposes. FPI sells mountain climbing gear to retailers throughout the Rocky Mountain region. Kate owns $70$ percent of the FPI common stock $($the only class of stock outstanding$)$ and James owns $30$ percent, and both devote $100\%$ of their working time to FPI. FPI is located at $4200$ West $400$ North, Salt Lake City, Utah $84116.$ FPI$$s Employer Identification Number is $87-5467544.$ FPI$$s business activity is wholesale sales. Its business activity code is $423910.$ Both shareholders work as employees of the corporation. Kate is the president of FPI $($Social Security number $312-89-4567).$ Kate$$s address is $1842$ East $8400$ South, Sandy, Utah $84094.$ James is the vice president of FPI $($Social Security number $321-98-7645).$ James$$s address is $2002$ East $8145$ South, Sandy, Utah $84094.$ FPI uses the accrual method of accounting and has a calendar year$-$end.