$183,260 Income Statement For the year ended December 31, 2022 Net revenues : Expenses : Cost of goods sold $39,400 Operating expenses 62,380 Depreciation expense 18,600 Interest expense 9,029 Income tax expense 15,400 Total expenses Net income 144,809 $ 38,451 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) $ $ 58,560 0 S Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment 249,292 49,220 8,800 1,080 190, 732 49, 220 8,800 14,140 5,220 680,000 854,000 80,540 680,000 (1) 854,000 (1) 31,540 (I) 49,000 1 of 8 Next > Hue May 7th $ $ 58,560 $ 249,292 49,220 8,800 1,080 190,732 (I) 49,220 (1) 8,800 (I) 4,140 (D) 5,220 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets 680,000 854,000 80,540 (27,050) $1,895,882 680,000 (1) 854,000 (1) 31,540 (1) 18,600 (1) 49,000 (8,450) $110,450 $ |$ $ 25,560 (I) Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 28,720 840 15,400 26,400 703,481 3,160 840 14,180 1,220 26,400 671,681 (1) (I) (1) 31,800 20,000 0 138,000 1,067,800 59,241 144,000) $1,895,882 118,000 (1) 1,067,800 (1) 24,891 (1) (144,000) (I) 34,350 $183,260 Income Statement For the year ended December 31, 2022 Net revenues : Expenses : Cost of goods sold $39,400 Operating expenses 62,380 Depreciation expense 18,600 Interest expense 9,029 Income tax expense 15,400 Total expenses Net income 144,809 $ 38,451 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) $ $ 58,560 0 S Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment 249,292 49,220 8,800 1,080 190, 732 49, 220 8,800 14,140 5,220 680,000 854,000 80,540 680,000 (1) 854,000 (1) 31,540 (I) 49,000 1 of 8 Next > Hue May 7th $ $ 58,560 $ 249,292 49,220 8,800 1,080 190,732 (I) 49,220 (1) 8,800 (I) 4,140 (D) 5,220 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets 680,000 854,000 80,540 (27,050) $1,895,882 680,000 (1) 854,000 (1) 31,540 (1) 18,600 (1) 49,000 (8,450) $110,450 $ |$ $ 25,560 (I) Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 28,720 840 15,400 26,400 703,481 3,160 840 14,180 1,220 26,400 671,681 (1) (I) (1) 31,800 20,000 0 138,000 1,067,800 59,241 144,000) $1,895,882 118,000 (1) 1,067,800 (1) 24,891 (1) (144,000) (I) 34,350