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

GREAT ADVENTURES, INC Balance Sheets December 31, 2020 and 2019 Increase () or Decrease (D) 2020 2019 Current assets 301714 129,000 Accounts recelvable Inventory Other current assets 31,500 15,650 11,650 172,714 ( 5,500 () 2,550 ( 1,550 () Long-term assets 300,000 1100,000 56,000 (64,000) 300,000 (D 1,100,000 ( Buildings Equipment Less: Accumulated depreciation (23,000) 41,000 () Total assets $1752,514 $211,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable S10,650 660 51,600 2,550 ( 18,100 ( 372464 ( 33,500 Long-term liabilities: Notes payable 397,964 Stockholders' equity Common stock Paid-in capital Retained earnings Treasury stock 125,000 1,106,000 138,640 100,000 ( 1106,000 () 20,200( (78,000) () 118,440 Total liabilities and stockholders' equity $1752,514 211,200 As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $1.2 million recelved from the issuance of 100,000 shares of stock to hire a construction company for S1 million to build the cabins, dining facilitlies, 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