Schedules (suporting

Slattery's Inc.
documents)

Schedule A Cost of good Sold

1. Inventory at beginning of year None

2. Purchases $ 100,000
3. Ending inventory $ 16,000
4. Cost of Good sold $ 84,000

shareholders' pro Rata Share

Schedule K
Items
1. Ordinary Business Income $ 131,588
2. Dividends $ 2,000
3. Net Long Term Capital $ 30,000
Deductions 4. Contributions $ 17,600
Income reconciliation $ 145,988

Reconciliation of Income (Loss)

Schedule M-1 per Books With Income (Loss)
per Return
1. Net Income per books $ 131,700
2. Income included on Schedule K $ 12,000
3. Unamortized organization costs $ 4,788
Deductions 4. Depreciation $ 2,500
Income $ 145,988
Analysis of Accumulated
Adjustments Account, Other
Adjustments Account, and
Schedule M-2 Shareholders
Undistributed Taxable Income
Previously Taxed
1. Ordinary Income $ 131,588
3. Other additions $ 32,000
4. Contributions $ 17,600
Balance at end of tax year $ 145,988

Schedule D Capital Gains and Losses and Built-In Gains

 Long-Term Capital Gains and LossesAssets Held More Than One Year

Description of Sales price Gain or loss

Date acquired Date Sold
property
200 shares of MND $ 38,000 $ 30,000
3-Oct-99 1-Apr-12
stock

Schedule K-1

Lisa Cutter

1. Ordinary Income $ 65,794

2. dividends $ 1,000
3. Net Long term capital gain $ 15,000
4. Deductions $ 8,800

Jeff McMullen

1. Ordinary Income $ 26,318

2. dividends $ 400
3. Net Long term capital gain $ 6,000
4. Deductions $ 3,520

Tina Woodbrook

1. Ordinary Income $ 39,476

2. dividends $ 600
3. Net Long term capital gain $ 9,000
4. Deductions $ 5,280

Form 4562 Depreciation and Amortization

Expense of Property Under Section 179

1. Maximum Amount $ 250,000

2. Total cost of section 179 property $ 800,000

Summary (Depreciation)

Total Depreciation $ 11,200

 Amortization

Amortization Amortization for

Description of costs Date Amortization Amortizable Amount
Period this year
Organization Costs February 1,2012 $ 5,100 180 months $ 312
Amount Expensed $ 5,000
Total $ 5,312

Line 19: Other Deductions

Insurrance $ 9,000
Utilities $ 8,000
Miscellaneous $ 2,000
Legal and Accounting $ 5,312
Other deductions $ 24,312
Amortization for
this year
$ 312
$ 5,000
$ 5,312