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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

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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 Cash Accounts receivable, net Property, plant, and equipment Accumulated depreciation Available-for-sale securities Dividends payable Income taxes payable Notes payable Bonds payable Unamortized premium on bonds 12/31/Year 5 Balances Dr. $ 413,000 670,000 1,070,000 (345,000) 70,000 (25,000) 35,000 (42,000) (500,000) (71,000) 12/31/Year 4 Net Balances Change Dr.(r.Dr.(CC) $ 757,000 $(344,000) 610,000 60,000 995,000 75,000 (280,000) (65,000) 60,000 10,000 (10,000) (15,000) (150,000) 185,000 (42,000) (1,000,000) 500,000 (150,000) 79,000 100,00 VO, VUVI (150,000) (150,000) (375,000) (265,000) 79,000 (200,000) (55,000) 80,000 (10,000) Vurus payavic Unamortized premium on bonds Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Sales Cost of sales Selling and administrative expenses Interest income Interest expense Depreciation Loss on sale of equipment Gain unusual in nature (71,000) (350,000) (430,000) (185,000) (10,000) (2,420,000) 1,863,000 220,000 (14,000) 46,000 88,000 7,000 _190.000 $ 0 $ 0 $ 300,000 Additional Information During Year 5, equipment with an original cost of $50,000 was sold for cash, and 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. > Gator Co. STATEMENT OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, Year 5 123 Sales 123 Cost of sales 123 Gross profit 123 Selling and administrative expenses 123 123 Depreciation 123 Operating income Other revenues and gains: 123 Interest income 123 Gain unusual in nature - 5 MI Gain unusual in nature Other expenses and losses: 123 Interest expense 123 123 Loss on sale of equipment 123 Income before income tax Income tax: 123 Current 123 Net income 123 Other comprehensive income (net of tax): Unrealized holding gain (net of income taxes of $3,000) 123 Comprehensive income Basic earnings per share: 123 Net income

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