Only the car, accumulated depreciation and the loan on the balance sheet? Not realistic. There is just too much missing information and you do not seem to understand proper bookkeeping. see a pro to get educated.
what about business activity? What's the S-corp doing? just owning a car does not seem to be a real business. Where's the expense due to depreciation reflected on the balance sheet.? how about profit or loss from operations excluding the vehicle? how about cash, stockholders equity, loans from stockholder? did you take a salary? It's not the end of the world if you didn't but not taking one year after year could raise an audit flag at the IRS
