1. Dave and Frank opened up a Pizza place and recently went through inventory and found that they have $5,000 worth of sauce, $2,000 worth of dough, and $ 1,000 worth of cheese. They also have two ovens worth 5,000 each and other equipment worth 2,000. If they currently owe the bank 7,500. How much did they contribute to the business? 2. The Cupcake Queen owed by Gina started with a loan from her parents for 35,000 and a loan from the bank for 10,000. She currently owns two mixers worth 3,500, mixing bowls, measure spoons, and other accessories worth 5,000. Her equipment for her shop is worth $6,000 and her building is worth 900,000. How much money did Gina invest in the business?

3. Never Just One Cup sells coffee and other sweet treats which was started by Kelly with 8,600. If her assets total 10,200, how much does she owe the bank?

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .