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 4. Summary: This is an example of Form 1120 (2003), page 4, with items included as described in the text. Additionally, these line items are completed:

Under “Schedule L: Balance Sheets per Books”:

Under “Assets”:

Asset	Beginning of tax year (a)	Beginning of tax year (b)	End of tax year (c)	End of tax year (d)
1. Cash	(shaded area)	14,700	(shaded area)	18,650
2a. Trade notes and accounts receivable	98,400	(shaded area)	98,907	(shaded area)
2b. Less allowances for bad debts	(blank text field)	98,400	(blank text field)	98,907
3. Inventories	(shaded area)	298,400	(shaded area)	755,700
5. Tax-exempt securities (see instructions)	(shaded area)	100,000	(shaded area)	120,000
6. Other current assets (attach schedule)	(shaded area)	26,300	(shaded area)	17,266
9. Other investments (attach schedule)	(shaded area)	100,000	(shaded area)	80,000
10a. Buildings and other depreciable assets	272,400	(shaded area)	296,700	(shaded area)
10b. Less accumulated depreciation	negative 88,300	184,100	negative 104,280	192,420
12. Land (net of any amortization)	(shaded area)	20,000	(shaded area)	20,000
14. Other assets (attach schedule)	(shaded area)	14,800	(shaded area)	4,200
15. Total assets	(shaded area)	856,700	(shaded area)	1,307,143

Under “Liabilities and Shareholders' Equity”:

Liability	Beginning of tax year (a)	Beginning of tax year (b)	End of tax year (c)	End of tax year (d)
16. Accounts payable	(shaded area)	128,900	(shaded area)	233,055
17. Mortgages, notes, bonds payable in less than 1 year	(shaded area)	4,300	(shaded area)	4,300
18. Other current liabilities (attach schedule)	(shaded area)	6,800	(shaded area)	87,400
20. Mortgages, notes, bonds payable in 1 year or more	(shaded area)	248,700	(shaded area)	367,800
22. Capital stock: b Common stock	200,000	200,000	200,000	200,000
24. Retained earnings--Appropriated (attach schedule)	(shaded area)	30,000	(shaded area)	40,000
25. Retained earnings--Unappropriated	(shaded area)	238,000	(shaded area)	374,588
28. Total liabilities and shareholders' equity	(shaded area)	856,700	(shaded area)	1,307,143

Under “Schedule M-1: Reconciliation of Income (Loss) per Books With Income per Return”:

“5. Expenses recorded on books this year not deducted on this return (itemize):” field contains 30,177

“5c. Travel and entertainment” field contains See attached itemized statement (not shown) $22,350

“6. Add lines 1 though 5” field contains 310,177

“10. Income (line 28, page 1)--line 6 less line 9” field contains 294,057

Under “Schedule M-2: Analysis of Unappropriated Retained Earnings per Books (Line 25, Schedule L)”:

“4. Add lines 1, 2, and 3” field contains 449,588

“6. Other decreases (itemize):” field contains Reserve for contingencies 10,000

“7. Add lines 5 and 6” field contains 75,000