Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold Operating expenses Interest expense Depreciation expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings $166,240 140 $38,600 52,620 17,350 7,034 14,600 130,204 $ 36,176 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable 2022 2021 $ 189,114 $ 64,520 47,780 7,200 0 0 920 4,580 520,000 0 805,000 0 64,060 41,000 (25,450) (8,050) $1,608,624 $102,050 $ 21,000 $ 2,840 800 760 14,600 14,020