Thanks for your question.
The statement can be a table in MS Word. The amount of detail is really up to you but it should provide a minimum level of detail broken down by the categories listed in the Form 1120 instructions for Line 26. Other Deductions . For example:
Legal and Professional Fees..........$100.00
For Travel, Meals and Entertainment, you should at least separate the Travel from Meals & Entertainment since the latter is subject to a 50% limitation.
Here is an example of a Form 1120 (see statement 3 for "other deductions").
Hope this helps,
Is 1099-Misc paid to independent contractors also should be listed in this shedule?
That depends on the type of work the independent contractors did. If it was repairs/maintenance, it would be listed on line 14.....advertising on line 22....anything to do with your inventory (cost of labor)-Schedule A, line 3. If it was not one of these types of work, you can include as "Other Deductions" on line 26.