Reference no: EM131904900

Question: 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