- he ques are used Net revenues: Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Saved Help Save www.www $204,360 $40,400 74,580 20,100 11,523 16,400 163,003 $ 41,357 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Increase (I) or Decrease (D) Assets Current assets: Cash Accounts receivable Inventory Other current assets 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 Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 325,650 $ 51,960 $ 273,690 (I) 51,020 10,800 51,020 (1) 10,800 (I) 1,280 6,020 4,740 (D) 880,000 0 880,000 (I) 914,000 0 914,000 (I) 101,140 59,000 42,140 (I) (8,950) 20,100 (1) $120,950 (29,050) $2,254,840 $ 37,520 940 16,400 $ 3,560 940 14,380 32,400 0 903,033 33,800 158,000 20,000 1,249,800 0 35,350 $120,950 60,747 (204,000) $2,254,840 $ 33,960 (I) 2,020 (1) 32,400 (I) 869,233 (1) 138,000 (I) 1,249,800 (I) 25,397 (1) (204,000) (I)