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 512 31 Year 4NetBalancesBalancesChange Dr (Cr )Dr (Cr )Dr (Cr ) Cash$413,000$757,000$(344,000)Accounts receivable, net670,000610,00060,000Property, plant, and equipment1,070,000995,00075,000Accumulated depreciation(345,000)(280,000)(65,000)Available for sale securities70,00060,00010,000Dividends payable(25,000)(10,000)(15,000)Income taxes payable35,000(150,000)185,000Notes payable(42,000)(42,000) Bonds payable(500,000)(1,000,000)500,000Unamortized premium on bonds(71,000)(150,000)79,000Common stock(350,000)(150,000)(200,000)Additional paid in capital(430,000)(375,000)(55,000)Retained earnings(185,000)(265,000)80,000Accumulated other comprehensive income(10,000)(10,000)Sales(2,420,000)Cost of sales1,863,000Selling and administrative expenses220,000Interest income(14,000)Interest expense46,000Depreciation88,000Loss on sale of equipment7,000Gain 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

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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

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 512/31/Year 4NetBalancesBalancesChangeDr.(Cr.)Dr.(Cr.)Dr.(Cr.)Cash$413,000$757,000$(344,000)Accounts receivable, net670,000610,00060,000Property, plant, and equipment1,070,000995,00075,000Accumulated depreciation(345,000)(280,000)(65,000)Available-for-sale securities70,00060,00010,000Dividends payable(25,000)(10,000)(15,000)Income taxes payable35,000(150,000)185,000Notes payable(42,000)(42,000)--Bonds payable(500,000)(1,000,000)500,000Unamortized premium on bonds(71,000)(150,000)79,000Common stock(350,000)(150,000)(200,000)Additional paid-in capital(430,000)(375,000)(55,000)Retained earnings(185,000)(265,000)80,000Accumulated other comprehensive income(10,000)(10,000)Sales(2,420,000)Cost of sales1,863,000Selling and administrative expenses220,000Interest income(14,000)Interest expense46,000Depreciation88,000Loss on sale of equipment7,000Gain unusual in nature(90,000)$0$0$ 300,000Additional InformationDuring 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.