Tax Return Pet Kingdom, Inc Form 1125-A 2015

Jun 29th, 2016
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Solution On November 1, 2005, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows

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Form1125-A(Rev. December 2012)Department of the TreasuryInternal Revenue ServiceNameCost of Goods SoldOMB No. 1545-2225Attach to Form 1120, 1120-C, 1120-F, 1120S, 1065, or 1065-B. Information about Form 1125-A and its instructions is at www.irs.gov/form1125a.Pet Kingdom, Inc.1Inventory at beginning of year2Purchases . . . . . .Employer identification number11-11111112,750,0002,580,000................................12345Cost of labor . . . . . . . . . . .Additional section 263A costs (attach schedule) .Other costs (attach schedule) . . . . . ..............................................34567Total. Add lines 1 through 5 .Inventory at end of year . ...............................67

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