Part 2. Tax Return for Tom M Oil Inc. (20 Possible Points) After evaluating the income tax issues, you must prepare the final tax return for Tom Oil, Inc. with Schedule

K-1's for Tom and Donna. The competitor, Energy Star Corp. (Buyer), paid the purchase price of $495,700 plus the value of the oil inventory at cost on the day of the closing, allocated as follows: • Truck 1 70,000 • Truck 2 60,000 • Truck 3 50,000 • Supplies Parts (cost-$4,300) 8,200 • Restrictive Covenant 7,500 • Goodwill 300,000 • Oil Inventory purchased at cost, generated no gain or loss *Restrictive Covenant: As a condition of the purchase, the Buyer demanded that Tom M, Donna M and Tom M Oil Inc. agree not to own or operate, directly or indirectly, another oil company for three years, in exchange for $7,500. Tom M Oil Inc. ceased business as of April 30, 2022 after the sale and has distributed the proceeds to Tom and Donna in complete liquidation during 2022.