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The following condensed trial balance of Gator Co., a publicly held company, has been adjusted except for income tax expense.

Gator Co. CONDENSED TRIAL BALANCE

		12/31/Year 5		12/31/Year 4	Net
		Balances		Balances	Change
		Dr.(Cr.)		Dr.(Cr.)	Dr.(Cr.)
Cash		$ 413,000		$ 757,000	$(344,000)
Accounts receivable, net		670,000		610,000	60,000
Property, plant, and equipment		1,070,000		995,000	75,000
Accumulated depreciation		(345,000)		(280,000)	(65,000)
Available-for-sale securities		70,000		60,000	10,000
Dividends payable		(25,000)		(10,000)	(15,000)
Income taxes payable		35,000		(150,000)	185,000
Notes payable		(42,000)		(42,000)	--
Bonds payable		(500,000)		(1,000,000)	500,000
Unamortized premium on bonds		(71,000)		(150,000)	79,000
Common stock		(350,000)		(150,000)	(200,000)
Additional paid-in capital		(430,000)		(375,000)	(55,000)
Retained earnings		(185,000)		(265,000)	80,000
Accumulated other comprehensive income		(10,000)			(10,000)
Sales		(2,420,000)
Cost of sales		1,863,000
Selling and administrative expenses		220,000
Interest income		(14,000)
Interest expense		46,000
Depreciation		88,000
Loss on sale of equipment		7,000
Gain unusual in nature		(90,000)
		$ 0		$ 0	$ 300,000

Additional Information

• During Year 5, equipment with an original cost of $50,000 was sold for cash, and equipment costing $125,000 was purchased.
• On January 1, Year 5, bonds with a par value of $500,000 and related premium of $75,000 were redeemed. The $1,000 face amount, 10% stated rate bonds had been issued nine years ago, to yield 8%. Interest is payable annually every December 31 for 20 years.
• Tax payments during Year 5 were debited to income taxes payable. Gator's enacted tax rate for Year 5 and future years is 30%.
• On December 31, Year 4, 60,000 shares of common stock, $2.50 par, were outstanding. An additional 80,000 shares were issued on April 1, Year 5.
• No changes occurred in retained earnings other than dividends declared.
• No available-for-sale securities were purchased or sold in Year 5.

Complete the combined statement of income and comprehensive income in a multiple-step format for the year ended December 31, Year 5, by entering the appropriate amounts in the associated cells. Enter all numbers as positive.

STATEMENT OF INCOMEAND COMPREHEN SIVE INCOME For the Year Ended December 31, Year 5 Sales Cost of sales Gross profit Selling and administrative expenses Depreciation Operating income Other revenues and gains: Interest income Gain unusual in nature Other expenses and losses Interest espense Loss on sale of equipment Income before income tax Income tax ut Net income Other comprehensive income (net of tax) Urealized holding gain (net of income taxes of $3,000) Comprehensive income Basic eamings per share Net income