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Income statement and balance sheet data for Great Adventures, Inc., are provided below. As you can tell from the financial statements, 2017 was an especially

Income statement and balance sheet data for Great Adventures, Inc., are provided below.

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As you can tell from the financial statements, 2017 was an especially busy year. Tony and Suzie were able to use the $1.2 million received from the issuance of 100,000 shares of stock and hire a construction company for $1 million to build the cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their firstborn son, little Venture Matheson. Assume all sales and services are on credit.

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