Great Adventures Problem AP11-1 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 income: $198,030 $40,100 70,920 19,650 10,775 16,100 157,545 $ 40,485 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) Assets Current assets: Cash Accounts receivable: Inventory $ 302,742 50,480 $ 53,940 $ 248,802 (1) 0 50,480 (I) 10,200 0 10,200 (I) Other current assets: 1,220 5,780 4,560 (D) Long-term assets: Land 820,000 0 820,000 (I) Buildings 896,000 0 896,000 (I) Equipment 94,960 56,000 38,960 (1) Accumulated denreciation (28.4501 FR.R001 19.650 (TI