Question

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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
Deferred income tax liability	(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
Unusual in nature gain	(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.

Transaction	Amount
1. Cash paid for income taxes
2. Cash paid for interest
3. Redemption of bonds payable
4. Issuance of common stock
5. Cash dividends paid
6. Proceeds from sale of equipment

Answer 1