Prepare Jack and Jill’s tax return Form 1040 available in internet and Schedules A, B, C, D, and E for the year 2013.Have an APA cover page and indicate the tax return version you prepared on the cover page.InstructionsJack and Jill Chambers, ages 47 and 45, are married and live at 584 Beltem Drive, Boston, MA 59483.Jack’s Social Security number is 111-11-1111 and Jill’s is 222-22-2222. The Chambers have two children:Jon (age 23) and Don (age 19].Their Social Security numbers are 333-33-3333 and 444-44-4444,respectively. Jon is a single college student and earned $8,000 during the summer. Jack and Jill help Jonthrough school by paying for his room, board, and tuition. Jon lives at home during the summer. Donlives at home and attends a local university. He earned $4,000 working for a marketing firm. In sum, Jackand Jill provide more than 50% of both Jon’s and Don’s total support for the year.Jack is a commercial pilot for a small airline. His salary is $99,000, from which $19,000 of federal incometax and $6,100 of state income tax were withheld. Jack also pays premiums for health, disability, and life_insurance. $2,000 of the premium was for health insurance, $300 for disability, and $890 for lifeinsurance.Jill owns Alliance Networks, a proprietorship that does network consulting.i During the year, Jill’s gross revenues were $26,000. She incurred the following expenses in her business:Liability insurance $ 950 -Software rental 5,100Journals and magazines 210Training seminars 1,100Supplies 1,070Donations to a political campaign fund 600 ‘Jack enjoys playing guitar and plays in a band. Jack’s band has developed a local following. This year, hisgross revenues were $1,260 for playing shows and $800 on CD sales. He incurred the followingexpenses:Studio rent expense $1,200Sound system repairs 260CD production 560New guitar and amplifier 840Jill’s father passed away during the year. Jack and Jill received $150,000 from the life insurance policy.Neitherlack nor Jill paid any of the premiums.Jill purchased 100 shares of Thurston Co. stock on May 1, 1991, for $5,000. Thurston Co. was declaredbankrupt during the current year.Don’s physician recommended that he sees a dermatologist to help with a skin condition. Jack paid the‘ dermatologist $7,000 during the year because his insurance would not cover the bills.Jack and Jill went to Las Vegas and won $6,000 at the blackjack table. The next night, they lost $5,000.Jack and Jill gave $1,900 to their church and, during the year, they had the following other income andexpenses:Real estate taxes $2,400Property taxes on car (determined by value) 300 .Home mortgage interest 9,200Credit card finance charges 2,500Tax return preparation fees ($600 is allocable to JilI’s business) 1,000Sales tax on purchases during the year 8,250Interest from a savings account 700Interest from City of Boston Bonds 710 Dividend from 3M stock 800