Fitbits are personal fitness devices which are very popular with the fitness and wanna be fitness target market. The activity trackers are wireless-enabled wearable technology devices that measure personal data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics involved in fitness. Fitbits are sold in several models from the basic entry level one to the more advanced ones which can also measure BMI and blood pressure. Review the section in your textbook which discusses the product life cycle. Please indicate what stage of the product life cycle you think that the personal fitness tracker industry is in, and also the Fitbit itself. Please justify your answer.

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.