What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Aircraft entered the water at ramp on west side of Lake Hood. Taxied to approximately middle of island, pilot decided to make turns at the end of island to assess aircraft because aircraft did not "feel right". Pilot decided to taxi back to ramp after making a few turns. Floats leaked and took on water. Aircraft sank to the left approximitely mid-island oppisite north side of taxi way.
As the FAA filed it
AIRCRAFT ENTERED THE WATER AT RAMP ON WEST SIDE OF LAKE HOOD. TAXIED TO APPROXIMATELY MIDDLE OF ISLAND, PILOT DECIDED TO MAKE TURNS AT THE END OF ISLAND TO ASSESS AIRCRAFT BECAUSE AIRCRAFT DID NOT "FEEL RIGHT". PILOT DECIDED TO TAXI BACK TO RAMP AFTER MAKING A FEW TURNS. FLOATS LEAKED AND TOOK ON WATER. AIRCRAFT SANK TO THE LEFT APPROXIMITELY MID-ISLAND OPPISITE NORTH SIDE OF TAXI WAY.