Solved by verified expert:Address: 1994 Lincoln St, Township, FL 34691Employer Identification Number: 98- 325465Date Incorporated: 01-01-11Accounting Method: AccrualUse the following link to determine the principal business activity code:IRS Form 1120JKEB Corporation’s activities are focused more on sporting goods than apparel. They are not a subsidiary of another corporation and no entity owns more than 20% of JKEB Inc.Total Assets$2,250,000Total Receipts/Sales$3,750,000Returns and Allowances$187,500Cost of Goods Sold$950,000Dividends from less than 20% owned investees$300,000Dividends from 20% or more owned investees$15,000Interest$5,000Income from store vending machines$1,500Salaries and Wages$150,000Bad Debts$12,500Rent$40,000Charitable contributions during 2011$2,000Advertising$5,000Repairs$2,750Tax Deposits during 2011$10,000
