ACCOUNTING 4302 Tax Project Option 1

U.S. Corporation Income Tax Return For calendar year 2016 or tax year beginning , 2016, ending , 20 a Information about Form 1120 and its separate instructions is at www.irs.gov/form1120. OMB No. 1545-0123 2016 TYPE ...

U.S. Corporation Income Tax Return For calendar year 2016 or tax year beginning , 2016, ending , 20 a Information about Form 1120 and its separate instructions is at www.irs.gov/form1120. OMB No. 1545-0123 2016 TYPE OR PRINT Name Number, street, and room or suite no. If a P.O. box, see instructions. City or town, state, or province, country, and ZIP or foreign postal code A Check if: 1a Consolidated return (attach Form 851) . b Life/nonlife consolidated return . . . 2 Personal holding co. (attach Sch. PH) . . 3 Personal service corp. (see instructions) . . 4 Schedule M-3 attached B Employer identification number C Date incorporated D Total assets (see instructions) $ E Check if: (1) Initial return (2) Final return (3) Name change (4) Address change Income 1a Gross receipts or sales . . . . . . . . . . . . . . . . . 1a b Returns and allowances . . . . . . . . . . . . . . . . . 1b c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . 1c 2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . 3 4 Dividends (Schedule C, line 19) . . . . . . . . . . . . . . . . . . . . . . 4 5 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . 8 9 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . 9 10 Other income (see instructions—attach statement) . . . . . . . . . . . . . . . . . 10 11 Total income. Add lines 3 through 10 . . . . . . . . . . . . . . . . . . . . a 11 Deductions (See instructions for limitations on deductions.) 12 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . . . a 12 13 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . 13 14 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . 20 21 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . 23 24 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . 24 25 Domestic production activities deduction (attach Form 8903) . . . . . . . . . . . . . . 25 26 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . 26 27 Total deductions. Add lines 12 through 26 . . . . . . . . . . . . . . . . . . . a 27 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11. 28 29a Net operating loss deduction (see instructions) . . . . . . . . . . 29a b Special deductions (Schedule C, line 20) . . . . . . . . . . . . 29b c Add lines 29a and 29b . . . . . . . . . . . . . . . . . . . . . . . . . 29c Tax, Refundable Credits, and Payments 30 Taxable income. Subtract line 29c from line 28. See instructions . . . . . . . . . . . . 30 31 Total tax (Schedule J, Part I, line 11) . . . . . . . . . . . . . . . . . . . . . 31 32 Total payments and refundable credits (Schedule J, Part II, line 21) . . . . . . . . . . . . 32 33 Estimated tax penalty. See instructions. Check if Form 2220 is attached . . . . . . . . a 33 34 Amount owed. If line 32 is smaller than the total of lines 31 and 33, enter amount owed . . . . . 34 35 Overpayment. If line 32 is larger than the total of lines 31 and 33, enter amount overpaid . . . . . 35 36 Enter amount from line 35 you want: Credited to 2017 estimated tax a Refunded a 36 Sign Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Title F Date Signature of officer F May the IRS discuss this return with the preparer shown below? See instructions. Yes No Paid Preparer Use Only Print/Type preparer’s name Preparer’s signature Date Check if self-employed PTIN Firm’s name a Firm’s address a Firm’s EIN a Phone no. For Paperwork Reduction Act Notice, see separate instructions. Form 1120 (2016) 01/01 12/31 1,482,000 109,000 25,200 19,300 99,500 44,500 1,373,000 80,000 150,000 108,000 19,600 Lawson And Norman Enterprises, Inc. 76-1234567 4369 Robbie Lane Houston TX 77026-3915 01/02/1985 601,000 58,600 14,200 Treasurer 36,439 530,000 843,000 941,000 36,566 611,905 329,095 56,000 56,000 273,095 University of Houston- Downtown 18,000 89,757 2,313 92,070 Other Deductions Statement 16 1 Main Street Houston TX 77002-1014 BAA REV 02/24/17 PROForm 1120 (2016) Page 2 Schedule C Dividends and Special Deductions (see instructions) (a) Dividends received (b) % (c) Special deductions (a) × (b) 1 Dividends from less-than-20%-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . . . . . . . . 2 Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . . . . . . . . 3 Dividends on debt-financed stock of domestic and foreign corporations . . . . . 4 Dividends on certain preferred stock of less-than-20%-owned public utilities . . . 5 Dividends on certain preferred stock of 20%-or-more-owned public utilities . . . . 6 Dividends from less-than-20%-owned foreign corporations and certain FSCs . . . 7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs . . . 8 Divide