Prepare a Schedule C or Schedule C for the case

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Question - Prepare a Schedule C or Schedule C for the following case: Rafael Marrero is married and has a sports uniform sales business. Sales for this taxable year were $100,000. Rafael had the following expenses in his business:

Expenses 

Amount

Insurance

$600

Comissions

$4,000

Office Expenses

$1,500

Rent

$12,000

Utilities

$1,500

Licenses

$500

 

Cost of goods sold

Inventory at the beginning of the year

$25,000

Shopping

$15,000

Assembly labor cost

$3,000

Reference no: EM133127221

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