ot needs the statement of cash flow for the year december 31, 2022 using the indirect method

act due May 7th 6 The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided $183,260 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues : expenses : Cost of goods sold $39,400 Operating expenses 62,380 Depreciation expense 18,600 Interest expense 9,029 Income tax expense 15,400 Total expenses Net income 144, 809 $ 38,451 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) Assets Current assets: cash Accounts receivable Inventory 58,560 $ 249,292S 49,220 8.800 190, 732 (I) 49,220 (1) 8.800 / GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) Assets Current assets: Cash $ $ 58,560 $ 249,292 49,220 8,800 1,080 190,732 (I) 49,220 (1) 8,800 (1) 4,140 (D) 5,220 Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets 680,000 854,000 80,540 (27,050) $1,895,882 680,000 (1) 854,000 (1) 31,540 (I) 18,600 (I) 49,000 (8,450) $110,450 $ $ 25,560 (I) Liabilities and Stockholders' Equity current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) WwWStockholders' equity: Common stock Paid-in capital 28,720 840 15,400 26,400 703,481 3,160 840 14,180 1,220 (1) 26,400 (1) 671,681 (I) 31,800 20,000 118,000 (1) 138,000 1.067.800 1.067.800 (1) May 7th Saved 14, 1,444 13, 26,400 703,481 31,800 26,400 (1) 671,681 (I) 1 tax payau Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 138,000 1,067,800 59,241 (144,000) $1,895,882 20,000 0 34,350 118,000 (1) 1,067,800 (I) 24,891 (I) (144,000) (I) $110,450 Additional Information for 2022: 1. Land of $680,000 was obtained by issuing a note payable to the seller. 2. Buildings of $854,000 and equipment of $31,540 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $8,319. 4. Issued common stock for $1,180,000. 5. Purchased 11,800 shares of treasury stock for $24 per share. 6. Sold 5,800 shares of treasury stock at $25 per share. 7. Declared and paid a cash dividend of $13,560. Roured. - INT. BUISNESS WSU Email Google Docs C KEY Saved May 7th GREAT ADVENTURES, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Prey 1 of 8 ! Ne MacBook Pro Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities