2022 Federal Income Tax Summary Page 1

Kingfisher Corporation 11-1111113

INCOME
Gross receipts less returns/allowance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,328,000
Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 920,000
Gross Profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,408,000
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Total income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,430,000
DEDUCTIONS
Compensation of officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,000
Salaries/wages less employment credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290,000
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,000
Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,000
Taxes and licenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,000
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000
Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000
Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000

Total deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 916,000

TAXABLE INCOME
Taxable income (line 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000
Less special deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000

Taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 508,000

TAX COMPUTATION
Income tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106,680

Total tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106,680

PAYMENTS AND CREDITS

Estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,000

Total payments and credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,000

REFUND OR AMOUNT DUE

Overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,156
Underpayment penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164

Tax due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Refund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,156

SCHEDULE L
Beginning Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,363,200
Beginning Liabilities & Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,363,200

Ending Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,564,100

Ending Liabilities & Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,564,100

TAX RATES
Marginal tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.0%
Effective tax rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.0%
2022 Federal Balance Sheet Summary Page 1
Kingfisher Corporation 11-1111113

ENDING ASSETS
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337,300
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 480,280
Less: Allowance for bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0) 480,280
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,012,000
Tax exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,000
Other current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141,320
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000
Buildings and other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240,000
Less: Accumulated depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (128,800) 111,200
Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000

Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,564,100

ENDING LIABILITIES & EQUITY
Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 233,880
Other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
Long term notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000
Common stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 500,000
Unappropriated retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,590,220

Total Liabilities and Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,564,100

2022 Minnesota Income Tax Summary Page 1
Kingfisher Corporation

INCOME
Federal taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000
Minnesota net income (or loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000
Total nonapportionable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Minnesota apportionable income (or loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000

TAX CALCULATION
Apportionment factor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.000
Net income apportioned to Minnesota . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000
Taxable net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 514,000
Dividend received deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,400
Taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 505,600
Regular tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,549
Total taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,549
Taxes after credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,549
Minimum fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 650
Tax liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,199

TAX AND CREDITS

Total due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,199
AMOUNT DUE OR REFUND
Underpayment of estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 938
Amount due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,137

TAX RATES
Marginal tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.8%
Effective tax rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.9%
2022 General Information Page 1
Kingfisher Corporation 11-1111113

Forms needed for this return

Federal: 1120, 1125-A, 1125-E, Sch G, 2220, 8879-CORP

Minnesota: M4, M4I, M4A, M4T, Sch M15C, Corp Est Tax Pmt, Corp Rtn Pmt, Sch AMTI
Sch AMTT, Sch DIV

Tax Rates

Marginal Effective
Federal 21% 21%
Minnesota 9.8% 9.9%

Underpayment Penalty

Federal 164.
Minnesota 938.

Carryovers to 2023

Minnesota Carryovers
Accumulated Positive ACE Adjustments 30,000.

Estimates

Federal Estimates
Estimate Overpayment Balance
4/18/23 26,670. 0. 26,670.
6/15/23 26,670. 0. 26,670.
9/15/23 26,670. 0. 26,670.
12/15/23 26,670. 0. 26,670.
Total $ 106,680. $ 0. $ 106,680.

Minnesota Estimates
Estimate Overpayment Balance
3/15/23 12,550. 0. 12,550.
6/15/23 12,550. 0. 12,550.
9/15/23 12,550. 0. 12,550.
12/15/23 12,550. 0. 12,550.
Total $ 50,200. $ 0. $ 50,200.
Form 1120-W
Estimated Tax for Corporations
(WORKSHEET) 2023
Name Employer identification no.

Kingfisher Corporation 11-1111113

Estimated Tax Computation
1 Taxable income expected for the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 508,000.
2 Multiply line 1 by 21% (0.21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 106,680.
3 Tax credits. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Subtract line 3 from line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 106,680.

5 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 Total tax. Add lines 4 and 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 106,680.

7 Credit for federal tax paid on fuels and other refundable credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Subtract line 7 from line 6. Note: If the result is less than $500, the corporation is not required to
make estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 106,680.
9 a Enter the tax shown on the corporation's 2021 tax return. See instructions. Caution: If the tax is zero or
the tax year was for less than 12 months, skip this line and enter the amount from line 8 on line 9b. . . . . . . . . 9a 106,680.
b Enter the smaller of line 8 or line 9a. If the corporation is required to skip line 9a, enter the amount
from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b 106,680.
(a) (b) (c) (d)

10 Installment due dates.

See instructions . . . . . . . . . . . . . . . . . . . G 10 4/18/23 6/15/23 9/15/23 12/15/23

11 Required installments. Enter 25% of

line 9b in columns (a) through (d). If
the corporation uses the annualized
income installment method, or adjusted
seasonal installment method, or is a
"large corporation," see the instructions
for the amount to enter. . . . . . . . . . . . . . . 11 26,670. 26,670. 26,670. 26,670.

CPCA0501L 12/22/22
Corporation Estimated Tax Payment

Pay by Check
If you are not required to pay electronically, you can use this voucher to pay by check.
? Make your check payable to "Minnesota Revenue."
? Print your Minnesota Tax ID number in the memo line of your check.
? Mail your payment and the voucher below to the address on the voucher.

Note: Your payment may be delayed if your voucher information is missing or incorrect. When printing the
voucher, set your printer to "Actual size" (not "Shrink oversized pages").

Scan Line
The scan line is the most important part of the voucher. When submitting your voucher make sure the scan
line:
? Is printed with 66 digits ' characters, symbols, or masking are unacceptable.
? Is not cut off or missing.

Pay Electronically
? Pay electronically from your bank account. Go to www.revenue.state.mn.us and type make a payment
into the Search box. Choose Bank Account from the menu. We do not charge for this service.
? Pay by credit card or debit card. Go to www.revenue.state.mn.us and type make a payment into the
Search box. Choose Credit or Debit Card from the menu. A third party processes these payments and
charges a fee for this service.
? Pay by ACH credit transfer through your financial institution. Go to www.revenue.state.mn.us and type
ACH Credit into the Search box.

MNCA0314L 09/09/22

Cut carefully along this line to detach.

Your check authorizes us to make a one-time electronic fund transfer from your account.

1033

Preparer Tax
Corporation Estimated Tax Payment Identification Number:

KINGFISHER CORPORATION
Minnesota Tax ID
(required):
1717 MAIN STREET
ELY MN 55731 Federal ID: 111111113
Tax-Year End: 123123
Make check payable to:
Minnesota Revenue
Mail Station 1275, St. Paul, MN 55145-1275
Amount of Check: 12550 00

010000000000000000000012312300000000000000000000000000000000001033
Corporation Estimated Tax Payment

Pay by Check
If you are not required to pay electronically, you can use this voucher to pay by check.
? Make your check payable to "Minnesota Revenue."
? Print your Minnesota Tax ID number in the memo line of your check.
? Mail your payment and the voucher below to the address on the voucher.

Note: Your payment may be delayed if your voucher information is missing or incorrect. When printing the
voucher, set your printer to "Actual size" (not "Shrink oversized pages").

Scan Line
The scan line is the most important part of the voucher. When submitting your voucher make sure the scan
line:
? Is printed with 66 digits ' characters, symbols, or masking are unacceptable.
? Is not cut off or missing.

Pay Electronically
? Pay electronically from your bank account. Go to www.revenue.state.mn.us and type make a payment
into the Search box. Choose Bank Account from the menu. We do not charge for this service.
? Pay by credit card or debit card. Go to www.revenue.state.mn.us and type make a payment into the
Search box. Choose Credit or Debit Card from the menu. A third party processes these payments and
charges a fee for this service.
? Pay by ACH credit transfer through your financial institution. Go to www.revenue.state.mn.us and type
ACH Credit into the Search box.

MNCA0314L 09/09/22

Cut carefully along this line to detach.

Your check authorizes us to make a one-time electronic fund transfer from your account.

1033

Preparer Tax
Corporation Estimated Tax Payment Identification Number:

KINGFISHER CORPORATION
Minnesota Tax ID
(required):
1717 MAIN STREET
ELY MN 55731 Federal ID: 111111113
Tax-Year End: 123123
Make check payable to:
Minnesota Revenue
Mail Station 1275, St. Paul, MN 55145-1275
Amount of Check: 12550 00

010000000000000000000012312300000000000000000000000000000000001033
Corporation Estimated Tax Payment

Pay by Check
If you are not required to pay electronically, you can use this voucher to pay by check.
? Make your check payable to "Minnesota Revenue."
? Print your Minnesota Tax ID number in the memo line of your check.
? Mail your payment and the voucher below to the address on the voucher.

Note: Your payment may be delayed if your voucher information is missing or incorrect. When printing the
voucher, set your printer to "Actual size" (not "Shrink oversized pages").

Scan Line
The scan line is the most important part of the voucher. When submitting your voucher make sure the scan
line:
? Is printed with 66 digits ' characters, symbols, or masking are unacceptable.
? Is not cut off or missing.

Pay Electronically
? Pay electronically from your bank account. Go to www.revenue.state.mn.us and type make a payment
into the Search box. Choose Bank Account from the menu. We do not charge for this service.
? Pay by credit card or debit card. Go to www.revenue.state.mn.us and type make a payment into the
Search box. Choose Credit or Debit Card from the menu. A third party processes these payments and
charges a fee for this service.
? Pay by ACH credit transfer through your financial institution. Go to www.revenue.state.mn.us and type
ACH Credit into the Search box.

MNCA0314L 09/09/22

Cut carefully along this line to detach.

Your check authorizes us to make a one-time electronic fund transfer from your account.

1033

Preparer Tax
Corporation Estimated Tax Payment Identification Number:

KINGFISHER CORPORATION
Minnesota Tax ID
(required):
1717 MAIN STREET
ELY MN 55731 Federal ID: 111111113
Tax-Year End: 123123
Make check payable to:
Minnesota Revenue
Mail Station 1275, St. Paul, MN 55145-1275
Amount of Check: 12550 00

010000000000000000000012312300000000000000000000000000000000001033
Corporation Estimated Tax Payment

Pay by Check
If you are not required to pay electronically, you can use this voucher to pay by check.
? Make your check payable to "Minnesota Revenue."
? Print your Minnesota Tax ID number in the memo line of your check.
? Mail your payment and the voucher below to the address on the voucher.

Note: Your payment may be delayed if your voucher information is missing or incorrect. When printing the
voucher, set your printer to "Actual size" (not "Shrink oversized pages").

Scan Line
The scan line is the most important part of the voucher. When submitting your voucher make sure the scan
line:
? Is printed with 66 digits ' characters, symbols, or masking are unacceptable.
? Is not cut off or missing.

Pay Electronically
? Pay electronically from your bank account. Go to www.revenue.state.mn.us and type make a payment
into the Search box. Choose Bank Account from the menu. We do not charge for this service.
? Pay by credit card or debit card. Go to www.revenue.state.mn.us and type make a payment into the
Search box. Choose Credit or Debit Card from the menu. A third party processes these payments and
charges a fee for this service.
? Pay by ACH credit transfer through your financial institution. Go to www.revenue.state.mn.us and type
ACH Credit into the Search box.

MNCA0314L 09/09/22

Cut carefully along this line to detach.

Your check authorizes us to make a one-time electronic fund transfer from your account.

1033

Preparer Tax
Corporation Estimated Tax Payment Identification Number:

KINGFISHER CORPORATION
Minnesota Tax ID
(required):
1717 MAIN STREET
ELY MN 55731 Federal ID: 111111113
Tax-Year End: 123123
Make check payable to:
Minnesota Revenue
Mail Station 1275, St. Paul, MN 55145-1275
Amount of Check: 12550 00

010000000000000000000012312300000000000000000000000000000000001033
Form 8879-CORP E-file Authorization for Corporations
(December 2022)
For calendar year 20 22 , or tax year beginning , 20 , ending , 20
OMB No. 1545-0123
Use for efile authorizations for Form 1120, 1120-F or 1120S.
Department of the Treasury Do not send to the IRS. Keep for your records.
Internal Revenue Service Go to www.irs.gov/Form8879CORP for the latest information.
Name of corporation Employer identification number

Kingfisher Corporation 11-1111113

Part I Information (Whole dollars only)

1 Total income (Form 1120, line 11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1,430,000.

2 Total income (Form 1120-F, Section II, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Total income (loss) (Form 1120-S, line 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Part II Declaration and Signature Authorization of Officer. Be sure to get a copy of the corporation's return.
Under penalties of perjury, I declare that I am an officer of the above corporation and that I have examined a copy of the corporation's electronic
income tax return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and
complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the corporation's electronic income tax
return. I consent to allow my electronic return originator (ERO), transmitter, or intermediate service provider to send the corporation's return to
the IRS and to receive from the IRS (a) an acknowledgment of receipt or reason for rejection of the transmission, (b) the reason for any delay in
processing the return or refund, and (c) the date of any refund. If applicable, I authorize the U.S. Treasury and its designated Financial
Agent to initiate an electronic funds withdrawal (direct debit) entry to the financial institution account indicated in the tax preparation software
for payment of the corporation's federal taxes owed on this return, and the financial institution to debit the entry to this account. To revoke a
payment, I must contact the U.S. Treasury Financial Agent at 1-888-353-4537 no later than 2 business days prior to the payment (settlement)
date. I also authorize the financial institutions involved in the processing of the electronic payment of taxes to receive confidential information
necessary to answer inquiries and resolve issues related to the payment. I have selected a personal identification number (PIN) as my
signature for the corporation's electronic income tax return and, if applicable, the corporation's consent to electronic funds withdrawal.

Officer's PIN: check one box only

X I authorize Kingfisher Corporation to enter my PIN 42856 as my signature

ERO firm name do not enter all zeros
on the corporation's electronically filed income tax return.

As an officer of the corporation, I will enter my PIN as my signature on the corporation's electronically filed income tax
return.

Officer's signature Date Title

Part III Certification and Authentication

ERO's EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
do not enter all zeros

I certify that the above numeric entry is my PIN, which is my signature on the electronically filed income tax return for the corporation indicated
above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file Application and Participation, and
Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns.

ERO's signature Andrea Mitchell Date

ERO Must Retain This Form ' See Instructions

Do Not Submit This Form to the IRS Unless Requested To Do So

BAA For Paperwork Reduction Act Notice, see instructions. CPCA9401L 01/04/23 Form 8879-CORP (12-2022)
Form 1120 U.S. Corporation Income Tax Return
For calendar year 2022 or tax year beginning , 2022, ending ,
OMB No. 1545-0123

Department of the Treasury

Internal Revenue Service Go to www.irs.gov/Form1120 for instructions and the latest information. 2022
A Check if: B Employer identification number

1a Consolidated return
(attach Form 851). . . . TYPE
11-1111113
b Life/nonlife consoli- OR Kingfisher Corporation C Date incorporated
dated return. . . . . . .
PRINT 1717 Main Street
2 Personal holding co.
(attach Sch. PH). . . . . ELY, MN 55731 D Total assets (see instructions)
3 Personal service
corp. (see instrs) . . . . $ 2,564,100.
4 Schedule M-3 attached E Check if: (1) Initial return (2) Final return (3) Name change (4) Address change
1 a Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a 2,408,000.
b Returns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 80,000.
c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 2,328,000.
2 Cost of goods sold (attach Form 1125-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 920,000.
I
N 3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1,408,000.
C
O 4 Dividends and inclusions (Schedule C, line 23) 4 12,000.
M
E 5 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 10,000.
6 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Gross royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Capital gain net income (attach Schedule D (Form 1120)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Other income (see instructions ' attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total income. Add lines 3 through 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1,430,000.
12 Compensation of officers (see instructions ' attach Form 1125-E). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 320,000.
13 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 290,000.
14 Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 56,000.
F
D O 15 Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
E
D
R
16 Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 68,000.
U
C
L
I
17 Taxes and licenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 85,000.
T
I
M
I
18 Interest (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 12,000.
O
N
T 19 Charitable contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 15,000.
A
S T 20 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . 20 40,000.
I
S O 21 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
E N
E S 22 Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 6,000.
I O 23 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
N
S
N
24 Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 24,000.
T D
R E 25 Reserved for future use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
U D
C U 26 Other deductions (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
T
I
C
T 27 Total deductions. Add lines 12 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 916,000.
O
N
I
O 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11. . . . . . . . . . . . . . . . . . . . 28 514,000.
S N
S 29 a Net operating loss deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 29 a
b Special deductions (Schedule C, line 24). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 b 6,000.
c Add lines 29a and 29b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 c 6,000.
T
C
R
30 Taxable income. Subtract line 29c from line 28. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 508,000.
A
X,
E
D 31 Total tax (Schedule J, Part I, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 106,680.
I
R T 32 Reserved for future use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
E S,
F 33 Total payments and credits (Schedule J, Part III, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 108,000.
Estimated tax penalty. See instructions. Check if Form 2220 is attached . . . . . . . . . . . . . . . . . . . . . . X
U A
N N 34 34 164.
D D
A 35 Amount owed. If line 33 is smaller than the total of lines 31 and 34, enter amount owed. . . . . . . . . . . . . . 35
B P
L M 36 Overpayment. If line 33 is larger than the total of lines 31 and 34, enter amount overpaid. . . . . . . . . . . . . 36 1,156.
E T
S 37 Enter amount from line 36 you want: Credited to 2023 estimated tax. . . . . . Refunded 37 1,156.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge May the IRS discuss
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. this return with the
Sign preparer shown below?
See instructions.
Here
Signature of officer Date Title X Yes No
Print/Type preparer's name Preparer's signature Date PTIN
Check if
Paid Andrea Mitchell Andrea Mitchell self-employed
Preparer Firm's name Kingfisher Corporation Firm's EIN
Use Only Firm's address

, Phone no. 432-312-2098

BAA For Paperwork Reduction Act Notice, see separate instructions. Form 1120 (2022)
CPCA0205 10/04/22
 Kingfisher Corporation
Form 1120 (2022) 11-1111113 Page 2
Schedule C Dividends, Inclusions, and Special (a) Dividends and (b) Percentage (c) Special deductions
Deductions (see instructions) inclusions (a) x (b)

1 Dividends from less-than-20%-owned domestic corporations (other

than debt-financed stock). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000. 50 6,000.
2 Dividends from 20%-or-more-owned domestic corporations (other
than debt-financed stock). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
3 Dividends on certain debt-financed stock of domestic and foreign See
corporations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . instructions

4 Dividends on certain preferred stock of less-than-20%-owned

public utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.3
5 Dividends on certain preferred stock of 20%-or-more-owned
public utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.7
6 Dividends from less-than-20%-owned foreign corporations and
certain FSCs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
7 Dividends from 20%-or-more-owned foreign corporations and
certain FSCs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65

8 Dividends from wholly owned foreign subsidiaries . . . . . . . . . . . . . . . . . . 100

See
9 Subtotal. Add lines 1 through 8. See instructions for limitations . . . . . 12,000. instructions 6,000.
10 Dividends from domestic corporations received by a small business
investment company operating under the Small Business
Investment Act of 1958. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100

11 Dividends from affiliated group members . . . . . . . . . . . . . . . . . . . . . . . . . . 100

12 Dividends from certain FSCs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100

13 Foreign-source portion of dividends received from a specified
10%-owned foreign corporation (excluding hybrid dividends)
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
14 Dividends from foreign corporations not included on line 3, 6, 7, 8,
11, 12, or 13 (including any hybrid dividends). . . . . . . . . . . . . . . . . . . . . .

15 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16a Subpart F inclusions derived from the sale by a controlled foreign
corporation (CFC) of the stock of a lower-tier foreign corporation
treated as a dividend (attach Form(s) 5471) (see instructions) . . . . . . 100
b Subpart F inclusions derived from hybrid dividends of tiered
corporations (attach Form(s) 5471) (see instructions). . . . . . . . . . . . . . .
c Other inclusions from CFCs under subpart F not included on line
16a, 16b, or 17 (attach Form(s) 5471) (see instructions) . . . . . . . . . . . .
17 Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471
and Form 8992). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 Gross-up for foreign taxes deemed paid. . . . . . . . . . . . . . . . . . . . . . . . . . .

19 IC-DISC and former DISC dividends not included on line 1, 2, or 3 . .

20 Other dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Deduction for dividends paid on certain preferred stock of
public utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22 Section 250 deduction (attach Form 8993). . . . . . . . . . . . . . . . . . . . . . . . .

23 Total dividends and inclusions. Add column (a), lines 9 through 20.
Enter here and on page 1, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000.

24 Total special deductions. Add column (c) lines 9 through 22. Enter here and on page 1, line 29b . . . . . . . . . . . . . . . . . 6,000.
Form 1120 (2022)

CPCA0212 10/04/22
Form 1120 (2022) Kingfisher Corporation 11-1111113 Page 3
Schedule J Tax Computation and Payment (see instructions)
Part I ' Tax Computation
1 Check if the corporation is a member of a controlled group (attach Schedule O (Form 1120)). See instructions
2 Income tax. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 106,680.
3 Base erosion minimum tax amount (attach Form 8991). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Add lines 2 and 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 106,680.
5a Foreign tax credit (attach Form 1118) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a
b Credit from Form 8834 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b
c General business credit (attach Form 3800). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c
d Credit for prior year minimum tax (attach Form 8827) . . . . . . . . . . . . . . . . . . . . . . . . . 5d
e Bond credits from Form 8912 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5e
6 Total credits. Add lines 5a through 5e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Subtract line 6 from line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 106,680.
8 Personal holding company tax (attach Schedule PH (Form 1120)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9a Recapture of investment credit (attach Form 4255). . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
b Recapture of low-income housing credit (attach Form 8611). . . . . . . . . . . . . . . . . . . . 9b
c Interest due under the look-back method ' completed long-term contracts
(attach Form 8697). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9c
d Interest due under the look-back method ' income forecast method (attach
Form 8866). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
e Alternative tax on qualifying shipping activities (attach Form 8902) . . . . . . . . . . . . . 9e
f Interest/tax due under section 453A(c) and/or section 453(l) . . . . . . . . . . . . . . . . . . . 9f
g Other (see instructions ' attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9g
10 Total. Add lines 9a through 9g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total tax. Add lines 7, 8, and 10. Enter here and on page 1, line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 106,680.
Part II ' Reserved for Future Use
12 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Part III ' Payments and Refundable Credits
13 2021 overpayment credited to 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 2022 estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 108,000.
15 2022 refund applied for on Form 4466. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ( )
16 Combine lines 13, 14, and 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 108,000.
17 Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Withholding (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Total payments. Add lines 16, 17, and 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 108,000.
20 Refundable credits from:
a Form 2439. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 a
b Form 4136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 b
c Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 c
d Other (attach statement ' see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 d
21 Total credits. Add lines 20a through 20d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Total payments and credits. Add lines 19 and 21. Enter here and on page 1, line 33. . . . . . . . . . . . . . . . . . . . . . . 23 108,000.
Form 1120 (2022)

CPCA0234 10/05/22
Form 1120 (2022) Kingfisher Corporation 11-1111113 Page 4
Schedule K Other Information (see instructions)
1 Check accounting method: a Cash b X Accrual c Other (specify) Yes No
2 See the instructions and enter the:
a Business activity code no.
b Business activity 45110
c Product or service
3 Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," enter name and EIN of the parent corporation

4 At the end of the tax year:

a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt
organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of
the corporation's stock entitled to vote? If "Yes," complete Part I of Schedule G (Form 1120) (attach Schedule G). . . . . . . . . . . . X
b Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of
all classes of the corporation's stock entitled to vote? If "Yes," complete Part II of Schedule G (Form 1120) (attach Schedule G). . . . . . . X
5 At the end of the tax year, did the corporation:
a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled
to vote of any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive
ownership, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," complete (i) through (iv) below.
(ii) Employer (iii) Country of (iv) Percentage
(i) Name of Corporation Identification Number Incorporation Owned in Voting
(if any) Stock

b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic
partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive
ownership, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," complete (i) through (iv) below.
(ii) Employer (iii) Country of (iv) Maximum
(i) Name of Entity Identification Number Organization Percentage Owned in
(if any) Profit, Loss, or Capital

6 During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in
excess of the corporation's current and accumulated earnings and profits? See sections 301 and 316 . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," file Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452.
If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.
7 At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of
all classes of the corporation's stock entitled to vote or at least 25% of the total value of all classes of the corporation's stock? X
For rules of attribution, see section 318. If "Yes," enter:
(a) Percentage owned and (b) Owner's country
(c) The corporation may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign
Corporation Engaged in a U.S. Trade or Business. Enter the number of Forms 5472 attached
8 Check this box if the corporation issued publicly offered debt instruments with original issue discount . . . . . . . . . . . . . . . . . . .
If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments.
9 Enter the amount of tax-exempt interest received or accrued during the tax year $ 14,000.
10 Enter the number of shareholders at the end of the tax year (if 100 or fewer) 2
11 If the corporation has an NOL for the tax year and is electing to forego the carryback period, check here (see instructions). . . . . . . . . . . . . . . . . . . . . . . . .
If the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21(b)(3) must be
attached or the election will not be valid.
12 Enter the available NOL carryover from prior tax years (do not reduce it by any
deduction reported on page 1, line 29a.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ None
Form 1120 (2022)

CPCA0234 10/05/22
Form 1120 (2022) Kingfisher Corporation 11-1111113 Page 5
Schedule K Other Information (continued from page 4)
Yes No
13 Are the corporation's total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year and its total assets at the end
of the tax year less than $250,000? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," the corporation is not required to complete Schedules L, M-1, and M-2. Instead, enter
the total amount of cash distributions and the book value of property distributions (other than cash)
made during the tax year $
14 Is the corporation required to file Schedule UTP (Form 1120), Uncertain Tax Position Statement? See instructions . . . . . . . . . . . X
If "Yes," complete and attach Schedule UTP.
15 a Did the corporation make any payments in 2022 that would require it to file Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
b If "Yes," did or will the corporation file required Form(s) 1099?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
16 During this tax year, did the corporation have an 80%-or-more change in ownership, including a change due to redemption of
its own stock? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
17 During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by
value) of its assets in a taxable, non-taxable, or tax deferred transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
18 Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or
fair market value of more than $1 million?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
19 During the corporation's tax year, did the corporation make any payments that would require it to file Forms 1042 and 1042-S
under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code?. . . . . . . . . . . . . . . . . . . . . . . X
20 Is the corporation operating on a cooperative basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
21 During the tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under
section 267A? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," enter the total amount of the disallowed deductions $
22 Does the corporation have gross receipts of at least $500 million in any of the 3 preceding tax years?
(See sections 59A(e)(2) and (3)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If "Yes," complete and attach Form 8991.
23 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
24 Does the corporation satisfy one or more of the following? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
a The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b The corporation's aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding
the current tax year are more than $27 million and the corporation has business interest expense.
c The corporation is a tax shelter and the corporation has business interest expense.
If “Yes,” complete and attach Form 8990.

25 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

If "Yes," enter amount from Form 8996, line 15 . . . . . . . . . . . . . $
26 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties held directly
or indirectly by the corporation, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than
50% (for example, the shareholders held more than 50% of the stock of the foreign corporation)? If "Yes," list the ownership
percentage by vote and by value. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Percentage: By Vote Percentage: By Value
Form 1120 (2022)

CPCA0234 10/05/22
Form 1120 (2022) Kingfisher Corporation 11-1111113 Page 6
Schedule L Balance Sheets per Books Beginning of tax year End of tax year
Assets (a) (b) (c) (d)
1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380,000. 337,300.
2 a Trade notes and accounts receivable. . . . . . . . 308,400. 480,280.
b Less allowance for bad debts . . . . . . . . . . . . . . . ( ) 308,400. ( ) 480,280.
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000. 1,012,000.
4 U.S. government obligations. . . . . . . . . . . . . . . .
5 Tax-exempt securities (see instructions). . . . . 160,000. 160,000.
6 Other current assets (attach statement). .See . . . . . .St
. . . .1.. 140,000. 141,320.
7 Loans to shareholders. . . . . . . . . . . . . . . . . . . . . .
8 Mortgage and real estate loans . . . . . . . . . . . . .
9 Other investments (attach statement) . . .See . . . . . .St
. . . .2.. 300,000. 300,000.
10 a Buildings and other depreciable assets. . . . . . 240,000. 240,000.
b Less accumulated depreciation . . . . . . . . . . . . . ( 88,800. ) 151,200. ( 128,800.) 111,200.
11 a Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . . . ( ) ( )
12 Land (net of any amortization). . . . . . . . . . . . . . 20,000. 20,000.
13 a Intangible assets (amortizable only). . . . . . . . .
b Less accumulated amortization . . . . . . . . . . . . . ( ) ( )
14 Other assets (attach statement) . . . . . . .See . . . . . .St
. . . .3.. 3,600. 2,000.
15 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,363,200. 2,564,100.
Liabilities and Shareholders' Equity
16 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . 300,000. 233,880.
17 Mortgages, notes, bonds payable in less than 1 year . . . .
18 Other current liabilities (attach stmt). . . See . . . . . . St
. . . . .4.. 80,300. 40,000.
19 Loans from shareholders . . . . . . . . . . . . . . . . . . .
20 Mortgages, notes, bonds payable in 1 year or more . . . . . 210,000. 200,000.
21 Other liabilities (attach statement) . . . . . . . . . . . . . . . . .
22 Capital stock: a Preferred stock. . . . . . . . . . . .
b Common stock . . . . . . . . . . . . 500,000. 500,000. 500,000. 500,000.
23 Additional paid-in capital . . . . . . . . . . . . . . . . . . .
24 Retained earnings ' Approp (att stmt). . . . . . . . . . . . . .
25 Retained earnings ' Unappropriated. . . . . . . . 1,272,900. 1,590,220.
26 Adjmt to shareholders' equity (att stmt). . . . . . . . . . . . . .
27 Less cost of treasury stock . . . . . . . . . . . . . . . . . ( ) ( )
28 Total liabilities and shareholders' equity . . . . . 2,363,200. 2,564,100.
Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return
Note: The corporation may be required to file Schedule M-3. See instructions.
1 Net income (loss) per books. . . . . . . . . . . . . . . . 397,320. 7 Income recorded on books this year not
2 Federal income tax per books. . . . . . . . . . . . . . . 106,680. included on this return (itemize):
3 Excess of capital losses over capital gains. . . Tax-exempt interest $ 14,000.
4 Income subject to tax not recorded on books
this year (itemize): 14,000.
8 Deductions on this return not charged
5 Expenses recorded on books this year not against book income this year (itemize):
deducted on this return (itemize): a Depreciation . . $
a Depreciation. . . . . . . . $ b Charitable contribns$
b Charitable contributions . . $
c Travel & entertainment. . . $
Statement 5 24,000.
24,000. 9 Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . 14,000.
6Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . 528,000. 10 Income (page 1, line 28) ' line 6 less line 9. . . . . 514,000.
Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Schedule L, Line 25)
1 Balance at beginning of year . . . . . . . . . . . . . . . 1,272,900. 5 Distributions. . . . . . . . . . . . . . . a Cash. . . . 80,000.
2 Net income (loss) per books. . . . . . . . . . . . . . . . 397,320. b Stock c Property. . .
3 Other increases (itemize): 6 Other decreases (itemize):

7 Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . 80,000.

4 Add lines 1, 2, and 3. . . . . . . . . . . . . . . . . . . . . . . 1,670,220. 8 Balance at end of year (line 4 less line 7) . . . . . . . 1,590,220.
Form 1120 (2022)
CPCA0234 10/04/22
Form 1125-A Cost of Goods Sold
(Rev. November 2018) OMB No. 1545-0123
G Attach to Form 1120, 1120-C, 1120-F, 1120S, or 1065.
Department of the Treasury
Internal Revenue Service G Go to www.irs.gov/Form1125A for the latest information.
Name Employer identification number

Kingfisher Corporation 11-1111113

1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 920,000.
2 Purchases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Cost of labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Additional section 263A costs (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Other costs (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 920,000.
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the
appropriate line of your tax return. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 920,000.
9 a Check all methods used for valuing closing inventory:
(i) Cost
(ii) X Lower of cost or market
(iii) X Other (Specify method used and attach explanation.) G FIFO
b Check if there was a writedown of subnormal goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G
c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) . . . . . . . . . . . . . . . . . . . G
d If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed
under LIFO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
e If property is produced or acquired for resale, do the rules of section 263A apply to the entity? See instructions. . . . . . . Yes X No
f Was there any change in determining quantities, cost, or valuations between opening and
closing inventory? If "Yes," attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
BAA For Paperwork Reduction Act Notice, see instructions. Form 1125-A (Rev. 11-2018)

CPCZ0401L 09/26/18
SCHEDULE G Information on Certain Persons Owning the
(Form 1120) Corporation's Voting Stock OMB No. 1545-0123
(Rev December 2011)
G Attach to Form 1120.
Department of the Treasury
Internal Revenue Service G See instructions.
Name Employer identification number (EIN)

Kingfisher Corporation 11-1111113

Part I Certain Entities Owning the Corporation's Voting Stock. (Form 1120, Schedule K, Question 4a).
Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a
partnership), trust, or tax-exempt organization that owns directly 20% or more, or owns, directly or indirectly, 50% or more of the
total voting power of all classes of the corporation's stock entitled to vote (see instructions).
(i) Name of Entity (ii) Employer Identification (iii) Type of Entity (iv) Country of Organization (v) Percentage Owned in
Number (if any) Voting Stock

Part II Certain Individuals and Estates Owning the Corporation's Voting Stock. (Form 1120, Schedule K, Question 4b).
Complete columns (i) through (iv) below for any individual or estate that owns directly 20% or more, or owns, directly or indirectly,
50% or more of the total voting power of all classes of the corporation's stock entitled to vote (see instructions).

(i) Name of Individual or Estate (ii) Identifying Number (iii) Country of Citizenship (iv) Percentage Owned
(if any) (see instructions) in Voting Stock

Nancy Trout 123-45-6788 United States 50.00%

Delores Lake 123-45-6787 United States 50.00%

BAA For Paperwork Reduction Act Notice, CPCA1901L 06/02/11 Schedule G (Form 1120) (Rev 12-2011)
see the Instructions for Form 1120.
Form 1125-E Compensation of Officers
OMB No. 1545-0123
(Rev October 2016)
G Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S.
Department of the Treasury
Internal Revenue Service G Information about Form 1125-E and its separate instructions is at www.irs.gov/form1125e.
Name Employer identification number

Kingfisher Corporation 11-1111113

Note: Complete Form 1125-E only if total receipts are $500,000 or more. See instructions for definition of total receipts.

(b) Social security (c) Percent of Percent of stock owned (f) Amount of
1 (a) Name of officer time devoted
number to business (d) Common (e) Preferred compensation

Nancy Trout 123-45-6788 0.00 % 50.00 % 0.00 % 160,000.

Delores Lake 123-45-6787 000.00 % 50.00 % 0.00 % 160,000.

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

2 Total compensation of officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,000.

3 Compensation of officers claimed on Form 1125-A or elsewhere on return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4Subtract line 3 from line 2. Enter the result here and on Form 1120, page 1, line 12 or the appropriate
line of your tax return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,000.
BAA For Paperwork Reduction Act Notice, see separate instructions. Form 1125-E (Rev 10-2016)

CPCA2101L 08/18/16
Form 2220 Underpayment of Estimated Tax by Corporations
OMB No. 1545-0123

Department of the Treasury

Attach to the corporation's tax return.
Go to www.irs.gov/Form2220 for instructions and the latest information.
2022
Internal Revenue Service
Name Employer identification number

Kingfisher Corporation 11-1111113

Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty
owed and bill the corporation. However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page 2,
line 38, on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220.
Part I Required Annual Payment

1 Total tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 106,680.

2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included
on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
b Look-back interest included on line 1 under section 460(b)(2) for completed
long-term contracts or section 167(g) for depreciation under the income
forecast method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b
c Credit for federal tax paid on fuels (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 2c
d Total. Add lines 2a through 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d
3 Subtract line 2d from line 1. If the result is less than $500, do not complete or file this form. The corporation
does not owe the penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 106,680.
4 Enter the tax shown on the corporation's 2021 income tax return. See instructions. Caution: If the tax is
zero or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5. . . . . . . . . 4
5 Required annual payment. Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4,
5 106,680.
enter the amount from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II Reasons for Filing ' Check the boxes below that apply. If any boxes are checked, the corporation must
file Form 2220 even if it does not owe a penalty. See instructions.
6 The corporation is using the adjusted seasonal installment method.
7 The corporation is using the annualized income installment method.
8 The corporation is a "large corporation" figuring its first required installment based on the prior year's tax.
Part III Figuring the Underpayment
(a) (b) (c) (d)
9 Installment due dates. Enter in columns (a) through (d) the 15th day
of the 4th (Form 990-PF filers: Use 5th month), 6th, 9th, and 12th
months of the corporation’s tax year . . . . . . . . . . . . . . . . . . . . . . . . . 9 4/15/22 6/15/22 9/15/22 12/15/22
10 Required installments. If the box on line 6 and/or line
7 above is checked, enter the amounts from Schedule
A, line 38. If the box on line 8 (but not 6 or 7) is
checked, see instructions for the amounts to enter.
If none of these boxes are checked, enter 25% (0.25)
of line 5 above in each column. . . . . . . . . . . . . . . . . . . . . . . 10 26,670. 26,670. 26,670. 26,670.
11 Estimated tax paid or credited for each period. For
column (a) only, enter the amount from line 11 on
line 15. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 27,000. 27,000. 27,000.
Complete lines 12 through 18 of one column before
going to the next column.
12 Enter amount, if any, from line 18 of the preceding column . . . . . . . . 12 330.
13 Add lines 11 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 330. 27,000. 27,000.
14 Add amounts on lines 16 and 17 of the preceding column. . . . . . . . . . 14 26,340. 26,010.
15 Subtract line 14 from line 13. If zero or less, enter -0-. . . . . . . . . . . . 15 27,000. 330. 660. 990.
16 If the amount on line 15 is zero, subtract line 13 from
line 14. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . 16 0. 0.
17 Underpayment. If line 15 is less than or equal to line
10, subtract line 15 from line 10. Then go to line 12 of
the next column. Otherwise, go to line 18. . . . . . . . . . . . . 17 26,340. 26,010. 25,680.
18 Overpayment. If line 10 is less than line 15, subtract
line 10 from line 15. Then go to line 12 of the
next column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 330.
Go to Part IV on page 2 to figure the penalty. Do not go to Part IV if there are no entries on line 17 ' no penalty is owed.
BAA For Paperwork Reduction Act Notice, see separate instructions. CPCZ0312 09/14/22 Form 2220 (2022)
Form 2220 (2022) Kingfisher Corporation 11-1111113 Page 2
Part IV Figuring the Penalty
(a) (b) (c) (d)
19 Enter the date of payment or the 15th day of the 4th
month after the close of the tax year, whichever is
earlier. (C corporations with tax years ending June
30 and S corporations: Use 3rd month instead of 4th
month. Form 990-PF and Form 990-T filers: Use 5th
month instead of 4th month.) See instructions . . . . . . . . 19 6/30/22 9/30/22 12/31/22
20 Number of days from due date of installment
on line 9 to the date shown on line 19. . . . . . . . . . . . . . . . 20 15 15 16
21 Number of days on line 20 after 4/15/2022 and
before 7/1/2022. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 15
22 Underpayment Number of days
x on line 21 x 4% (0.04)
on line 17
365 22 43.30
23 Number of days on line 20 after 6/30/2022 and
before 10/1/2022. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 15
24 Underpayment Number of days
x on line 23 x 5% (0.05)
on line 17
365 24 53.45
25 Number of days on line 20 after 9/30/2022 and
before 1/1/2023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 16
26 Underpayment Number of days
x on line 25 x 6% (0.06)
on line 17
365 26 67.54
27 Number of days on line 20 after 12/31/2022 and
before 4/1/2023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28 Underpayment Number of days

on line 17
x on line 27 x 7% (0.07)
365 28
29 Number of days on line 20 after 3/31/2023 and
before 7/1/2023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Number of days
30 Underpayment x x
on line 29 *% . . .
on line 17
365 30
31 Number of days on line 20 after 6/30/2023 and
before 10/1/2023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 Underpayment Number of days

x on line 31 x *% . . .
on line 17
365 32
33 Number of days on line 20 after 9/30/2023 and
before 1/1/2024. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Number of days
34 Underpayment x on line 33 x *% . . .
on line 17
365 34
35 Number of days on line 20 after 12/31/2023 and
before 3/16/2024. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Number of days
36 Underpayment x on line 35 x *% . . .
on line 17
366 36

37 Add lines 22, 24, 26, 28, 30, 32, 34, and 36. . . . . . . . . . . 37 43.30 53.45 67.54
38 Penalty. Add columns (a) through (d) of line 37. Enter the total here and on Form 1120, line 34; or the
comparable line for other income tax returns. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 164.
* Use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These
rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin. To obtain this information on
the Internet, access the IRS website at www.irs.gov. You can also call 1-800-829-4933 to get interest rate information.
BAA CPCZ0312 09/14/22 Form 2220 (2022)
2022 Federal Statements Page 1
Kingfisher Corporation 11-1111113

Statement 1
Form 1120, Schedule L, Line 6
Other Current Assets

Beginning Ending
Certificate of Deposit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 140,000. $ 141,320.
Total $ 140,000. $ 141,320.

Statement 2
Form 1120, Schedule L, Line 9
Other Investments

Beginning Ending
Stock Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300,000. $ 300,000.
Total $ 300,000. $ 300,000.

Statement 3
Form 1120, Schedule L, Line 14
Other Assets

Beginning Ending
Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,600. $ 2,000.
Total $ 3,600. $ 2,000.

Statement 4
Form 1120, Schedule L, Line 18
Other Current Liabilities

Beginning Ending
Other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 80,300. $ 40,000.
Total $ 80,300. $ 40,000.

Statement 5
Form 1120, Schedule M-1, Line 5
Book Expenses Not Deducted

C/Y Business Interest Expense Disallowed by Sec. 163(j). . . . . . . . . . . . . . . . . . . . . . $ 8,000.

Officer Life Insurance Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000.
Total $ 24,000.
 * 2 2 4 0 1 1 *

2022 M4, Corporation Franchise Tax Return Do not use staples on anything you submit.

Tax year beginning (MM/DD/YYYY) 01012022 and ending (MM/DD/YYYY) 12312022

KINGFISHER CORPORATION 111111113
Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number

1717 MAIN STREET

Mailing Address Check if new address Business Activity Code (from federal)

ELY MN 55731
City State ZIP Code

Former Name (if changed since 2021 return) Federal Consolidated Common Parent Name (if different) FEIN

Check if filing a combined income return Check if reporting Tax Position Disclosure (Enclose Form TPD)

Is this your final C corporation return? If yes, indicate if: Check if a member of the group (place an X in the boxes that apply):

Withdrawn Dissolved Merged S corp election is claiming is a Co-op is in Bankruptcy owns a captive
Public Law insurance
86-272 company

Has a federal examination been finalized? (list years) Report changes to federal income tax
within 180 days of final determination.
If there is a change in tax, you must report
Is a federal examination now in progress? (list years) it on Form M4X.

You must round amounts

Tax years and expiration date(s) of federal waivers: to nearest whole dollar

1 Minnesota tax liability (from M4T, line 25). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 50199

2 Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Add lines 1 and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 50199

4 Enterprise Zone Credit (attach Schedule EPC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Historic Structure Rehabilitation Credit (attach credit certificate). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Enter National Park Service (NPS) project number:

6 Minnesota backup withholding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Amount credited from your 2021 return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Total corporate estimated tax payments made for 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 2022 extension payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Add lines 4 through 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Tax due. If line 3 is more than line 10, subtract line 10 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 50199

12 Penalty (see instructions, pg. 6 and 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Interest (see instructions, pg. 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Additional charge for underpayment of estimated tax (attach Schedule M15C) . . . . . . . . . . . . . . . . . . . . . . 14 938

1033 Continued next page

MNCA0101L 10/07/22
2022 M4, Page 2
* 2 2 4 0 2 1 *

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID

15 AMOUNT DUE. If you entered an amount on line 11, add lines 11 through 14

Payment Method: Electronic (see inst., pg. 3), or X Check (see inst., pg. 3) . . . . . . . . . . . . . . . . . 15 51137

16 Overpayment. If line 10 is more than the sum of lines 3 and 12 through 14, subtract line 3
and 12 through line 14 from line 10. If line 10 is less than the sum of lines 3 and 12 through 14,
see instructions, pg. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17 Amount of line 16 to be credited to your 2023 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 REFUND. Subtract line 17 from line 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

If you have a refund, you must enter your banking information below.
Account Type:

Checking Savings Routing Number Account Number (use an account not associated with any foreign banks)

I declare that this return is correct and complete to the best of my knowledge and belief.

2185552211
Authorized Signature Title Date (MM/DD/YYYY) Direct Phone

4323122098
Signature of Preparer PTIN Date (MM/DD/YYYY) Preparer's Direct Phone

Print name of person to contact within corporation to discuss this return Title Direct Phone

Include a complete copy of your federal return including schedules as filed with the IRS.
If you're paying by check, see instructions, page 3.
I authorize the Minnesota Department of Revenue
Mail to: Minnesota Department of Revenue X to discuss this tax return with the preparer.
Mail Station 1250
I do not want my paid preparer to file my return
600 N. Robert St.
electronically.
St. Paul, MN 55145-1250

1033 MNCA0101L 10/07/22

 * 2 2 4 1 1 1 *

2022 M4I, Income Calculation

See instructions beginning on page 8.

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID

You must round amounts

to nearest whole dollar

1 a Federal taxable income before net operating loss deduction and special deductions
(from federal Form 1120, line 28, or see inst., pg. 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 a 514000

b Interest expense limitation for combined reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b

2 Additions to income
a Federal deduction taken for taxes based on net income and minimum fee. . . . . . 2a

b Federal deduction for capital losses (IRC sections 1211 and 1212) . . . . . . . . . . . . 2b

c Interest income exempt from federal income tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c

d Exempt interest dividends (IRC section 852[b][5]). . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d

e Losses from mining operations subject to occupation tax. . . . . . . . . . . . . . . . . . . . . 2e

f Federal deduction for percentage depletion (IRC sections 611-614 and 291). . . . 2f

g Federal bonus depreciation and suspended loss (IRC section 168[k]). . . . . . . . . . 2g

h Addition due to federal changes not adopted by Minnesota . . . . . . . . . . . . . . . . . . . 2h

(M4NC, line 33)

i This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2i

j This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2j

k This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2k

Total additions (add lines 2a through 2k). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Total (add lines 1a, 1b, and 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 514000

MNCA1001L 10/07/22 1033

2022 M4I, Page 2
See instructions beginning on page 9.
* 2 2 4 1 2 1 *

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID

4 Subtractions from income

a Refund of taxes based on net income included in federal
taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a

b Minnesota deduction for capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b

c Certain federal credit expenses (see instructions, pg. 10; attach schedule). . . . . . 4c

d Gross-up for foreign taxes deemed paid under IRC section 78. . . . . . . . . . . . . . . . . 4d

e Expenses relating to income taxable by Minnesota, but federally exempt . . . . . . . 4e

f Dividends paid by a bank to the U.S. government on preferred stock. . . . . . . . . . . 4f

g Income/gains from mining operations subject to the occupation tax . . . . . . . . . . . . 4g

h Deduction for cost depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4h

i Subtraction for prior bonus depreciation addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4i

j Subtraction for prior IRC section 179 addback. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4j

k This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4k

l Deferred foreign income (Section 965). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4l

m Global intangible low-taxed income (GILTI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4m

n Disallowed section 280E expenses of medical cannabis manufacturers . . . . . . . 4n

o Subtraction due to federal changes not adopted by Minnesota. . . . . . . . . . . . . . . . 4o

(M4NC, line 33, as a positive number)
p This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4p

q This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4q

r This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4r

s This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4s

Total subtractions (add lines 4a through 4s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Intercompany eliminations (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 Add lines 4 and 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Minnesota net income (subtract line 6 from line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 514000

8 Total nonapportionable income (see instructions, pg. 11; attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 Minnesota apportionable income (subtract line 8 from line 7). Enter on Form M4T, line 1 . . . . . . . . . . . . . 9 514000

MNCA1001L 10/07/22 1033

 * 2 2 4 2 1 1 *

2022 M4A, Apportionment/Fee Calculation

B B B
1 2 3
Single/Designated Filer

Corporation Name KINGFISHER C

FEIN 111111113
Minnesota Tax ID
A
Total in and

outside Minnesota In Minnesota In Minnesota In Minnesota

1 Average inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a1 956000 b1 c1

2 Average tangible property and
land owned/used (at original cost). . . . . . . . . . . . . . . . . . . . . . . . . a2 260000 b2 c2

3 Capitalized rents (gross rents x 8). . . . . . . . . . . . . . . . . . . . . . . . . a3 544000 b3 c3

4 Total property (add lines 1, 2 and 3). . . . . . . . . . . . . . . . . . . . . . . a4 1760000 b4 c4

5 Payroll/officer's compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . a5 610000 b5 c5

6 MN sales or receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a6 2328000 b6 c6

7 MN sales of non-filing entities (see instructions pg. 12) . . . . . . a7 b7 c7

8 Sales or receipts (add lines 6 and 7)

(Financial institutions: see inst., pg. 14). 8 2328000 a8 2328000 b8 c8
9 Minnesota apportionment factor (divide each
line 8B amount by line 8A; carry to six decimal places) . . . . . . a9 1.00 b9 c9
Enter amounts on Form M4T, line 2.

MINIMUM FEE CALCULATION (see inst., pg. 13)

10 Adjustments (see inst., pg. 13 and 14; attach schedule) . . . . a10 b10 c10

11 Add lines 4, 5, 8 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a11 4698000 b11 c11

12 Minimum fee (see table below) . . . . . . . . . . . . . . . . . . . . . . . . . . a12 650 b12 c12

Enter amounts on Form M4T, line 17.

Minimum Fee Table

If the amount Enter this amount
on line 11 is: on line 12:
less than $1,080,000. . . . . . . . . . . . . . . . . . . . $0
$1,080,000 to $2,159,999 . . . . . . . . . . . . . . . $220
$2,160,000 to $10,809,999 . . . . . . . . . . . . . . $650
$10,810,000 to $21,609,999 . . . . . . . . . . . . . $2,160
$21,610,000 to $43,219,999 . . . . . . . . . . . . . $4,330
$43,220,000 or more. . . . . . . . . . . . . . . . . . . . $10,810

MNCA1501L 12/08/22

1033
 *224311*

2022 M4T, Tax Calculation B

1
Single/designated filer
B
2
B
3

Corporation Name KINGFISHER

FEIN 111111113

Minnesota Tax ID
1 Minnesota apportionable income
(enter amount from M4I, line 9, in each column). . . . . . . . . . . a1 514000 b1 c1

2 Apportionment factor (from M4A, line 9). . . . . . . . . . . . . . . . . . a2 1.00 b2 c2

3 Net income apportioned to Minnesota
(multiply line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a3 514000 b3 c3
4a Minnesota nonapportionable income
(see inst., pg. 15; attach schedule) . . . . . . . . . . . . . . . . . . . . . . a4a b4a c4a
4b Minnesota nonunitary partnership income
(see inst., pg. 15; attach schedule) . . . . . . . . . . . . . . . . . . . . . . a4b b4b c4b

5 Taxable net income (add lines 3, 4a, and 4b) . . . . . . . . . . . . . a5 514000 b5 c5

6 Net operating loss deduction (from NOL). . . . . . . . . . . . . . . . . a6 b6 c6

7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a7 514000 b7 c7

8 Deduction for dividends received (see inst., pg. 15). . . . . . . . a8 8400 b8 c8

9 Taxable income (subtract line 8 from line 7) . . . . . . . . . . . . . . a9 505600 b9 c9

10 Regular tax (multiply line 9 by 0.098;
if result is zero or less, leave blank). . . . . . . . . . . . . . . . . . . . . . a10 49549 b10 c10

11 Alternative minimum tax (AMT) (from AMTT, line 10) . . . . . . a11 b11 c11

12 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a12 49549 b12 c12

13 AMT credit (from AMTT, line 13) . . . . . . . . . . . . . . . . . . . . . . . . a13 b13 c13

14 Subtract line 13 from line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . a14 49549 b14 c14

15 Minnesota credit for increasing research activities
(from RD, line 45) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a15 b15 c15

16 Subtract line 15 from line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . a16 49549 b16 c16

17 Minimum fee (from M4A, line 12). . . . . . . . . . . . . . . . . . . . . . . . a17 650 b17 c17

18 Tax liability by corporation (add lines 16 and 17) . . . . . . . . . . a18 50199 b18 c18

19 Film Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a19 b19 c19

Enter the credit certificate number: TAXC -

20 Tax Credit for Owners of Agricultural Assets (see inst.) . . . . a20 b20 c20

21 Employer Transit Pass Credit (from ETP, line 4) . . . . . . . . . . a21 b21 c21

Continued next page

1033 MNCA1701L 12/08/22
2022 M4T, Page 2
*224321*

B B B
1 2 3
Single/designated filer

Corporation Name KINGFISHER

FEIN 111111113

Minnesota Tax ID

22 LIFO Recapture Tax Deferral. . . . . . . . . . . . . . . . . . . . . . . . . . . . a22 b22 c22

23 Add lines 19, 20, 21, and 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . a23 b23 c23

24 Subtract line 23 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . a24 50199 b24 c24

25 Add all amounts on line 24. This is your MINNESOTA TAX LIABILITY 25 50199
Enter on Form M4, line 1.

1033 MNCA1701L 10/11/22

2022 M15C, Additional Charge for Underpayment of Estimated Tax
C corporations must use Schedule M15C to determine the additional charge for underpayment of estimated tax.

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID

You must round amounts

to nearest whole dollar.

1 Enter your 2022 tax (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 50199

If less than $500, do not complete this form. You owe no additional charge.
2 Enter your 2021 tax (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Required annual payment. Enter the amount from line 1 or line 2, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 50199
Exceptions: If you did not file a 2021 return or filed a return for less than a full 12-month period
in the preceding tax year, or you did not have a 2021 tax liability, you must enter the amount
from line 1. Large corporations, read special instructions on back and enter the amount from line 1.

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

4 Enter the due dates (see instructions). . . . . . . . . . . . . 4 03152022 06152022 09152022 12152022

5 Required installments (see instructions). . . . . . . . . . . 5 12549 12550 12550 12550

6 Amount paid each period (see instructions). . . . . . . . 6

Complete lines 7'13 for one column before
completing the next column. For the first column
only, enter the amount from line 6 on line 10.
7 Enter the amount from line 13 of the previous column. . . . . . . . . . . . . . . . . 7

8 Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 Add lines 11 and 12 of the previous column . . . . . . . . . . . . . . . . . . . . . . . . . 9 12549 25099 37649

10 Subtract line 9 from line 8.
If result is zero or less, leave blank . . . . . . . . . . . . . . 10
11 Remaining underpayment from previous
period. If line 10 is zero, subtract line 8
from line 9. Otherwise, leave blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12549 25099 37649
12 UNDERPAYMENT. If line 10 is less than or
equal to line 5, subtract line 10 from line 5,
enter the result and go to line 6 of the next
column. Otherwise, go to line 13 . . . . . . . . . . . . . . . . 12 12549 12550 12550 12550
13 OVERPAYMENT. If line 5 is less than line 10,
subtract line 5 from line 10 and enter the
result. Go to line 6 of the next column. . . . . . . . . . . . 13
14 Date underpayment is paid or the 15th day
of the third month following the tax year,
whichever is earlier. . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 03152023 03152023 03152023 03152023
15 Number of days from the due date on
line 4 to the date on line 14. . . . . . . . . . . . . . . . . . . . . 15 365 273 181 90
16 Additional charge
(line 15 e 365 x .03 x line 12) . . . . . . . . . . . . . . . . . . . 16 376.47 281.60 186.70 92.83

17 TOTAL. Add amounts on line 16. Enter this amount on M4, line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 938
Attach this schedule to your Form M4.

1033 MNCA2401L 10/07/22

2022 DIV, Deduction for Dividends Received
Complete Schedule DIV to determine your deduction for dividends received.

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number

You must round amounts

to nearest whole dollar.
1 Total dividends included in federal income
(from federal Form 1120, line 4; unitary businesses, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12000

2 This line intentionally left blank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 This line intentionally left blank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Add lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12000

5 Dividends from less-than-20-percent-owned companies . . . . . . . . . . . . . . . 5 12000

6 Dividends from foreign sales corporations. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Combined intercompany dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Gross-up for foreign taxes deemed paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

(from federal Form 1120, Sch. C, line 18)
9 Dividends received from a real estate investment trust (REIT) . . . . . . . . . . 9

10 Dividends on debt-financed stock

(see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Other dividends not already listed on line 5 through 10

(see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Total subtractions (add lines 5 through 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 12000

13 Dividends subject to 80 percent deduction

(subtract line 12 from line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 80%

15 Minnesota deduction (multiply line 13 by line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16 Dividends from less-than-20-percent-owned companies
(from line 5 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 12000

17 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 70%

18 Minnesota deduction (multiply line 16 by line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 8400

19 Dividends subject to apportionment (add lines 15 and 18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 8400

Use this amount to calculate Form M4T, line 8.

MNCA1801L 10/11/22 1033

 * 2 2 4 4 1 1 *
2022 AMTI, Alternative Minimum Tax
Calculation of Income

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number

You must round amounts

to nearest whole dollar.

1 Minnesota net income (from M4I, line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 514000

2 Adjustments and preferences
a Depreciation of post-1986 property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a

b Amortization of certified pollution control facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b

c Amortization of mining exploration and development costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c

d Amortization of circulation expenditures (personal holding companies only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d

e Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e

f Long-term contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f

g Merchant marine capital construction funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2g

h Section 833(b) deduction (Blue Cross, Blue Shield, and similar type organizations only) . . . . . . . . . . . . . . . . . . 2h

i Tax shelter farm activities (personal service corporations only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2i

j Passive activities (closely held corporations and personal service corporations only). . . . . . . . . . . . . . . . . . . . . . . 2j

k Loss limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2k

l Intangible drilling costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2l

m Other adjustments and preferences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2m

3 Pre-adjustment alternative minimum taxable income. Combine lines 1 through 2m . . . . . . . . . . . . . . . . . . . . . . . . . . 3 514000

4 Adjusted current earnings (ACE) adjustment

a ACE from line 9 of the ACE worksheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a 554000
b Subtract line 3 from line 4a. If line 3 exceeds line 4a,
enter the difference as a negative amount. (See instructions). . . . . . . . . 4b 40000

c Multiply line 4b by 75% (0.75). Enter the result as a positive amount. . . 4c 30000
d Enter the excess, if any, of the corporation's total increases in
AMTI from prior year ACE adjustments over its total reductions in
AMTI from prior year ACE adjustments. See instructions. . . . . . . . . . . . . 4d
Note: You must enter an amount on line 4d (even if line 4b is positive)
e ACE adjustment
? If line 4b is zero or more, enter the amount from line 4c
? If line 4b is less than zero, enter the smaller of line 4c or line 4d as a negative amount. . . . . . . . . . . . . . . . . . 4e 30000

Continued next page

MNCA0701L 12/08/22 1033
2022 AMTI, Alternative Minimum Tax, page 2
* 2 2 4 4 2 1 *
Calculation of Income

KINGFISHER CORPORATION 111111113

Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number

You must round amounts

to nearest whole dollar.

5 Combine lines 3 and 4e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 544000

If result is zero or less, or if $310,000 or more, skip lines 6a and 6b and leave line 6 blank.
If between zero and $310,000, continue on line 6a.

6a Subtract $150,000 from line 5. If result is zero or less,

leave blank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a

6b Multiply line 6a by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b

6 Exemption (subtract line 6b from $40,000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 If line 5 is zero or less, enter amount from line 5.

If line 5 is more than zero, subtract line 6 from line 5; if result is zero or less, leave blank. . . . . . . . . . . . . . . . . . . . . 7 544000

8 Total nonapportionable income (from M4I, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 Alternative minimum taxable income

(subtract line 8 from line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 544000
Enter amount on AMTT, line 1.

1033 MNCA0701L 12/08/22

2022 AMTT, Alternative Minimum Tax B B B
Calculation of Tax 1 2 3
Single/designated filer

Corporation Name KINGFISHER

Unitary businesses: Complete a FEIN 111111113

column for each member with
nexus in Minnesota. Minnesota Tax ID

You must round amounts to nearest whole dollar.

AMT computation
1 Alternative minimum taxable income (from AMTI, line 9). . . . . . . . . . . 1 544000

2 Apportionment factor (from M4A, line 9) . . . . . . . . . . . . . . . . . . . . . . . . . 2 1.00

3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 544000

4 Minnesota nonapportionable income (from M4T, line 4). . . . . . . . . . . . 4

5 Add lines 3 and 4. If result is zero or less, skip lines 6a, 6b,
and 6, and leave line 7 blank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 544000
6 a Alternative minimum tax (AMT) net-operating-loss
deduction (see instructions below). . . . . . . . . . . . . . . . . . . . . . . . . . 6 a
b Deduction for dividends received (from M4T, line 8;
do not exceed 90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . . . 6 b 8400
Total (add lines 6a and 6b; do not exceed
90 percent of line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 8400
7 Minnesota alternative minimum taxable income
(subtract line 6 from line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 535600

8 Tentative minimum tax (multiply line 7 by 0.058). . . . . . . . . . . . . . . . . . 8 31065

9 Regular tax (from M4T, line 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 49549

10 AMT (subtract line 9 from line 8; if result is zero or less, leave blank). . . 10 0
Enter amounts on M4T, line 11.

AMT credit
11 AMT credit carryover from 2021 (from 2021 AMTT, line 15). . . . . . . 11

12 Subtract line 8 from line 9 (if result is zero or less, leave blank). . . . 12 18484
13 AMT credit (enter the amount from line 11 or 12,
whichever is less). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Enter amounts on M4T, line 13.

AMT carryover calculation

14 Add lines 10 and 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 AMT credit carried to 2023 (subtract line 13 from line 14). . . . . . . . . 15

Instructions for line 6a

A net operating loss must include all adjustments and preference items listed on Schedule AMTI (including the adjusted
current earnings statement) in order to be used as an alternative tax net operating loss. Net operating losses may be carried
forward only. The carry forward period is 15 years. Attach a schedule showing the computation of your alternative tax
net-operating-loss deduction. The amount on line 6a must not exceed 90 percent of line 5.

1033 MNCA0801L 10/07/22

Corporation Return Payment

Pay by Check
If you are not required to pay electronically, you can use this voucher to pay by check.
? Make your check payable to "Minnesota Revenue."
? Print your Minnesota Tax ID number in the memo line of your check.
? Mail your payment and the voucher below to the address on the voucher.

Note: Your payment may be delayed if your voucher information is missing or incorrect. When printing the
voucher, set your printer to "Actual size" (not "Shrink oversized pages").

Scan Line
The scan line is the most important part of the voucher. When submitting your voucher make sure the scan
line:
? Is printed with 66 digits ' characters, symbols, or masking are unacceptable.
? Is not cut off or missing.

Pay Electronically
? Pay electronically from your bank account. Go to www.revenue.state.mn.us and type make a payment
into the Search box. Choose Bank Account from the menu. We do not charge for this service.
? Pay by credit card or debit card. Go to www.revenue.state.mn.us and type make a payment into the
Search box. Choose Credit or Debit Card from the menu. A third party processes these payments and
charges a fee for this service.
? Pay by ACH credit transfer through your financial institution. Go to www.revenue.state.mn.us and type
ACH Credit into the Search box.

MNCA0201L 09/09/22

Cut carefully along this line to detach.

Your check authorizes us to make a one-time electronic fund transfer from your account.

1033

Preparer Tax
Corporation Return Payment Identification Number:

KINGFISHER CORPORATION
Minnesota Tax ID
(required):
1717 MAIN STREET
ELY MN 55731 Federal ID: 111111113
Tax-Year End: 123122
Make check payable to:
Minnesota Revenue
Mail Station 1275, St. Paul, MN 55145-1275
Amount of Check: 51137 00

010020000000000000000012312200000000000000000000000000000000001033