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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 12/31/Year 4 Net Cash Accounts receivable, net Property, plant, and equipment Accumulated depreciation Available-for-sale securities Dividends payable Income taxes payable Deferred income tax liability Bonds payable 12/31/Year 5 Balances Dr.Cr.) $ 413,000 670,000 1,070,000 (345,000) 70,000 (25,000) 35,000 (42,000) (500,000) Balances Dr.(r.) $ 757,000 610,000 995,000 (280,000) 60,000 (10,000) (150,000) (42,000) (1,000,000) Change Dr.(CC) $(344,000) 60,000 75,000 (65,000) 10,000 (15,000) 185,000 500,000 (150,000) (150,000) (375,000) (265,000) 79,000 (200,000) (55,000) 80,000 (10,000) 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 Unusual in nature gain (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 (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 $90,000 gain met the criteria for treatment as an extraordinary item. The $1,000 face amount 10% stated rate, 20-year bonds had been issued 9 years ago, to yield 8%. Interest is paid on December 31. Gator's tax payments during Year 5 were debited to income taxes payable. On December 31, Year 4, 60,000 shares of common stock, $2.50 par, were outstanding, Gator issued an additional 80,000 shares on April 1, Year 5. There were no changes in retained earnings other than dividends declared. Enter the appropriate amount to be reported in Gator's Year 5 statement of cash flows prepared using the direct method in the designated cells below. Enter all amounts as positive values. Enter the appropriate amount to be reported in Gator's Year 5 statement of cash flows prepared using the direct method in the designated cells below. Enter all amounts as positive values. Transaction Amount 1. Cash paid for income taxes 123 2. Cash paid for interest 123 3. Redemption of bonds payable 123 4. Issuance of common stock 123 5. Cash dividends paid 123 6. Proceeds from sale of equipment 123

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