Great Adventures Problem AP11-1

The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.

Additional Information for 2022:

Land of $780,000 was obtained by issuing a note payable to the seller.

Buildings of $884,000 and equipment of $36,840 were purchased using cash.

Monthly payments during the year reduced notes payable by $9,544.

Issued common stock for $1,280,000.

Purchased 12,800 shares of treasury stock for $29 per share.

Sold 6,800 shares of treasury stock at $30 per share.

Declared and paid a cash dividend of $14,760.

Required:

Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

7. Declared and paid a cash dividend of $14,760. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Great Adventures Problem AP11-1 The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. Additional information for 2022: 1. Land of $780,000 was obtained by issuing o note payable to the seller. 2. Buldings of $884,000 and equipment of $36,840 were purchased using cash. 3. Monthly payments during the yeor reduced notes payable by $9,544. 4. Issued common stock for $1,280.000. 5. Purchased 12,800 shares of treasury stock for $29 per share. 6. Sold 6,800 shares of treasury stock at $30 per share. 7. Declared and paid a cash dividend of $14,760