Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue 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 $ 182,960 300 $ 39,400 62,380 18,150 9,029 15,400 144,359 $ 38,901 Assets Current assets: Cash Accounts receivable Inventory Other current assets GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 $ 257,482 49,220 8,800 $ 64,680 0 1,080 0 5,220 Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable 680,000 845,000 80,540 (27,050) $ 1,895,072 $ 22,600 0 0 49,000 (8,450) $ 110,450 $ 3,160 840 14,180 Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 1,200 15,400 26,400 0 66,198 0 641,783 31,800 138,000 26,120 1,067,800 0 59,691 (144,000) 34,350 0 $ 1,895,072 $ 110,450 As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.