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George Corporation is an S corporation started on January 1,2023, with 50 shares owned by...

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Accounting

George Corporation is an S corporation started on January 1,2023, with 50 shares owned by Trey Martin and 50 shares owned by Brianna Tabor. The corporation is located at 15620 McMullen Hwy SW, Cumberland, MD 21502 and has EIN 948888888. The corporation is not subject to any special taxes and no wages are included in cost of goods sold. The corporation's income statement for the year and the balance sheet at year-end are presented below. Prepare Form 1120-S and Brianna's K-1 form, including Statement A (QBI). She lives at 12 Bowery St., Frostburg, MD 21532 and has SSN 444-115555.

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