I'm stuck on sec.1231 gain and 1245 gain. Also long term and short term capital gain.

SIGNATURE PROJECT ACC432B Signature Project ACC432B Consolidated Statement Flying Gator Corporation & Subsidiary Income Statement For Period Ending December 31st, 2015 Income or Deductions Gross receipts Cost of goods sold Gross profit Dividends Interest Sec 1231 gain Sec 1245 gain Long-term capital gain (loss) Short-term Capital gain (loss) Total Income Salaries and wages Repairs and maintenance Bad debts Taxes and licenses Interest Charitable contributions Depreciation (other than that included in cost of goods sold) Other Expenses Total Deductions Separated return taxable income (before the USPAD, NOL ded., and DRD) Gator 2,500,000 (1,500,000) 1,000,000 100,000 15,000 T 1,250,000 (700,000) 550,000 50,000 1,110,000 175,000 25,000 10,000 18,000 30,000 22,000 20,000 25,000 6,000 (3,000) 648,000 200,000 40,000 5,000 24,000 20,000 48,000 85,000 160,000 525,000 40,000 260,000 637,000 585,000 11,000 (5,000) Total 3,750,000 (2,200,000) 1,550,000 150,000 15,000 20,000 25,000 1,000 (3,000) 1,758,000 375,000 65,000 15,000 42,000 50,000 70,000 125,000 420,000 1,162,000 596,000 SIGNATURE PROJECT ACC432B December 2015 Flying Gator Corporation and Subsidiary 38-2345678 2015 Form 1120 Taxable Income Computations Title Consolidated Notes # 1a Gross receipts 1b Returns & allowances 1c Net receipts/sales 2 Cost of goods sold 3 Gross profit 4 Dividends 5 Interest 6 Gross rents 7 Gross royalties 8 Capital gain net income 9 Net gain or loss/Form 4797 10 Other income 11 Total income Business expenses: 12 Compensation of officers 13 Salaries and wages 14 Repairs and maintenance 15 Bad debts 16 Rents 17 Taxes and licenses 18 Interest 19 Charitable contributions 20 Depreciation 21 Depletion 22 Advertising 23 Pension, p/sharing, etc. 24 Emp. Benefit programs 25 Consol. U.S. prod. act. ded. 26 Other deductions 27 Total deductions 28 T/I before NOL ded. and DRD 29a NOL deduction 29b Dividends-received ded. 30 Taxable income $ 3,750,000 $ $ $ $ $ 3,750,000 (2,200,000) 1,550,000 150,000 15,000 $ $ $ $ 145,000 230,000 65,000 15,000 $ 50,000 Adjustment & Eliminations DR CR Note work from N to G Flying Gator Notes # T Corp $ 2,500,000 $ 1,250,000 $ (1,500,000) $ (700,000) $ 100,000 $ ### 50,000 $ $ $ $ 80,000 95,000 25,000 5,000 $ $ $ $ 65,000 135,000 40,000 10,000