Knoxville Musical Sales Inc. is located at 5500 Kingston Pike Knoxville TN 37919. Thecorporation uses the calendar year and accrual basis for both book and tax purposes. It isengaged in the sale of musical instruments with an employer identification number (EIN)of 75-2012010. The company incorporated on December 31 2006 and began businesson January 2 2007. Table C:3-4 contains balance sheet information at January 1 2010and December 31 2010. Table C:3-5 presents an income statement for 2010. Theseschedules are presented on a book basis. Other information follows the tables