Income Statement For the Year Ended December 31, 2025 Net sales revenues Interest revenue. Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $ 39,500 Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land $ 185,050 320 63,600 18,250 9,279 15,500 146,129 $ 39,241 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 $ 266,028 49,400 9,000 $ 64,700 1,100 0 0 5,300 700,000 0 0 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) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 850,000 82,600 (27,250) $ 1,930,878 50,000 (8,500) $ 111,500 $ 22,800 1,250 $ 3,200 850 14,200 15,500 27,000 0 68,219 0 660,218 32,000 140,000 26,800 1,086,000 0 34,450 0 59,891 (150,000) $ 1,930,878 $ 111,500