Publication 542: Corporations;

This is archived information that pertains only to the 2004 Tax Year. If you
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Form 1120 (2003) Page 3. Summary: This is an example of Form 1120 (2003), page 3, with items included as described in the text. Additionally, these line items are completed:

Under “Schedule J: Tax Computation”:

“6d. General business credit. Check box(es) and indicate which forms are attached:” field contains 12,000

“Form(s) (specify)” checkbox checked, field contains 5884

“7. Total credits. Add lines 6a through 6f” field contains 12,000

“8. Subtract line 7 from line 5” field contains 82,812

“11. Total tax. Add lines 8 through 10. Enter here and on line 31, page 1” field contains 82,812

Under “Schedule K: Other Information”:

“1. Check method of accounting: b Accrual” checkbox checked

“2. See page 21 of the instructions and enter the:”

“2a. Business activity code number” field contains 339900

“2b. Business activity” field contains Manufacturing

“2c. Product or service” field contains Toys

“3. At the end of the tax year, did the corporation own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attribution, see section 267(c).) No” checkbox checked

“4. Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? No” checkbox checked

“5. At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly, 50% or more of the corporation's voting stock? (For rules of attribution, see section 267(c).) No” checkbox checked

“6. During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in excess of the corporation's current and accumulated earnings and profits? (See sections 301 and 316.) No” checkbox checked

“7. At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of (a) the total voting power of all classes of stock of the corporation entitled to vote or (b) the total value of all classes of stock of the corporation? No” checkbox checked

“9. Enter the amount of tax-exempt interest received or accrued during the tax year” field contains 5,000

“10. Enter the number of shareholders at the end of the tax year (if 75 or fewer)” field contains 6

“13. Are the corporation's total receipts (line 1a plus lines 4 through 10 on page 1) for the tax year and its total assets at the end of the tax year less than $250,000? No” checkbox checked