Not enough information to work with. But here's what I can tell based on the limited data provided.
-You started the year with $35,000 of enventory
- During the year you purchased an additional $19,000 of inventory bringing the total for the year to $54,000
- During the year you sold $3,000 of inventory leaving you with an EOY balance of $51,000
Not sure what "sales receipts" is here for, as that's not anything you're queried for in the Inventory/GOGS section of the program. But assuming it represents your total sales for the entire tax year, after subtracting your cost of goods sold, you have a $2,000 profit.
Not sure on that, since I can't be sure what the 6-digit 1,xx,xxx numbers represent. Gross income from all sources? (not just business) Gross business income? Net business income? Net profit? Net taxable profit before or after a 20% QBI deduction? I'm guessing here.
