Use the following information for JKEB Corporation to complete 2017 Form 1120. Submit the completed form, along with your paper detailing your advice on how to incorporate. Remember, your final paper should follow APA Guidelines for in-text citations and references pages.
Address: 1994 Lincoln St, Township, FL 34691
Employer Identification Number: 98- 325465
Date Incorporated: 01-01-11
Accounting Method: Accrual
Total Assets
$2,250,000
Total Receipts/Sales
$3,750,000
Returns and Allowances
$187,500
Cost of Goods Sold
$950,000
Dividends from less than 20% owned investees
$300,000
Dividends from 20% or more owned investees
$15,000
Interest
$5,000
Income from store vending machines
$1,500
Salaries and Wages
$150,000
Bad Debts
$12,500
Rent
$40,000
Charitable contributions during 2011
$2,000
Advertising
$5,000
Repairs
$2,750
Tax Deposits during 2011
$10,000
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