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Problem 3-1 Schedule C (LO 3.1) Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Socal Security number is 644 47-7833. His principal business code is 541211. Scott's CPA practice is located at 678 Third Street, Riverside, CA 92860. Scott's income statement for the year shows the following: Income Statement Scott Butterfield, CA Income Statement 12/31/2017 Current Period Prior Period 1/1/2017 to 12/31/2017 1/1/2016 to 12/31/2016 REVENUES Tax Services Accounting Services Other Consulting Services $75,067.00 48,860.00 10,115.00 134,042.00 $72,154.00 $0,256.00 7,690.00 130,100.00 TOTAL REVENUES COST OF SERVICES Salaries Payrol Taxes Supplies 30.100.00 387.00 1.548.00 34,035.00 100,00700 29,400/00 2,275.00 1,225.00 2.900.00 97 200.00 TOTAL COST OF SERVICES GROSS PROFIT (LOSS) Problem 3-1 Schedule C (LO 3.1) Scott Butterfield is self-employed as a CPA. He uses the cash method of accounting, and his Socal Security number is 644 47-7833. His principal business code is 541211. Scott's CPA practice is located at 678 Third Street, Riverside, CA 92860. Scott's income statement for the year shows the following: Income Statement Scott Butterfield, CA Income Statement 12/31/2017 Current Period Prior Period 1/1/2017 to 12/31/2017 1/1/2016 to 12/31/2016 REVENUES Tax Services Accounting Services Other Consulting Services $75,067.00 48,860.00 10,115.00 134,042.00 $72,154.00 $0,256.00 7,690.00 130,100.00 TOTAL REVENUES COST OF SERVICES Salaries Payrol Taxes Supplies 30.100.00 387.00 1.548.00 34,035.00 100,00700 29,400/00 2,275.00 1,225.00 2.900.00 97 200.00 TOTAL COST OF SERVICES GROSS PROFIT (LOSS)

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