15 points eBook Print The income statement, balance sheets, and additional information for Great Adventures, Inc.,...
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15 points eBook Print The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues: Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net incone $200,140 $40,200 72,140 19,800 11,024 16,200 159,364 540,276 References o Assets Current assets: Cash Accounts receivable Inventory Other current assets GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities 2022 2021 Increase (I) or Decrease (D) $310,378 50,660 $ 53,280 10,400 1,240 5,860 40,000 902,000 97,020 (28,650) $257,098 (I) 50,660 (2) 10,400 (1) 4,620 (0) 840,000 (3) O 902,000 (2) $2,183,048 57,000 (8,850) $119.950 40.020 (1) 19.800 (1) $ 35,760 920 16,200 31,200 $ 3,480 920 14,340 32,280 (3) 1,860 (1) 31,200 (1 15 points eBook Print The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues: Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net incone $200,140 $40,200 72,140 19,800 11,024 16,200 159,364 540,276 References o Assets Current assets: Cash Accounts receivable Inventory Other current assets GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities 2022 2021 Increase (I) or Decrease (D) $310,378 50,660 $ 53,280 10,400 1,240 5,860 40,000 902,000 97,020 (28,650) $257,098 (I) 50,660 (2) 10,400 (1) 4,620 (0) 840,000 (3) O 902,000 (2) $2,183,048 57,000 (8,850) $119.950 40.020 (1) 19.800 (1) $ 35,760 920 16,200 31,200 $ 3,480 920 14,340 32,280 (3) 1,860 (1) 31,200 (1
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