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Form 1120 Income & Deductions Evan Corporation is a calendar-year accrual basis corporation that launched...

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Accounting

Form 1120 Income & Deductions Evan Corporation is a calendar-year accrual basis corporation that launched operations on December 1, year 4. Evan Corp. is not subject to the uniform capitalization rules. As Tax Manager, it is your job to complete the annual Form 1120, provided below in Part 1 and Part 2. Part 1: An abbreviated income section for IRS Form 1120 is provided below for Evan Corporation. Using the documents provided under the Exhibits tab, fill in the appropriate dollar amount, rounded to the nearest whole dollar, for each indicated cell in the form. If the value of a cell is zero, you must enter a zero ("0") to receive credit for your answer. Form 1120 U.S. Corporation Income Tax Return Income Net sales 1 Cost of goods sold 2 Gross profit 3 Dividends (net)4 Interest 5 Gross rents 6 Gross royalties 7 Other income 10 Total income 110 Part 2: An abbreviated deduction section for IRC Form 1120 is provided below for the Evan Corporation. Using the documents provided under the

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