Casper and cecile are divorced this year. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $192,500, and it had a market value of $308,000 on the date of the transfer. cecile sold the stock for $269,500 a month after receiving it. in addition casper is required to pay cecile $9,625 a month in alimony. he made five payments to her during the year. what are the tax consequences for casper and cecile regarding these transactions? if an amount is zero, enter "$0".

The ledger of laurie rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit prepaid insurance $ 5,400 supplies $ 4,500 equipment 40,000 accumulated depreciation—equipment $12,600 notes payable 25,000 unearned rent revenue 11,100 rent revenue 90,000 interest expense –0– salaries and wages expense 20,000 an analysis of the accounts shows the following. 1. the equipment depreciates $600 per month. 2. two-thirds of the unearned rent revenue was earned during the quarter. 3. the note payable is dated january 1 and bears 12% interest. 4. supplies on hand total $800. 5. the insurance policy is a two-year policy dated january 1. instructions: a. prepare the adjusting entries at march 31, assuming that adjusting entries are made quarterly. additional accounts are: depreciation expense, insurance expense, interest payable, and supplies expense. b. compute the ending balances for prepaid insurance, unearned rent revenue, and rent revenue, and indicate in which financial statement those items will be reported.