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Please help! will thumbs up! how would you do the statement of cash flow? GREAT ADVENTURES, INCORPORATED Incotne Statement For the Year Ended December 31,
Please help! will thumbs up! how would you do the statement of cash flow?
GREAT ADVENTURES, INCORPORATED Incotne Statement For the Year Ended December 31, 2025 Net revenues: Expenses: $193,810 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income 153,906$39,904 Additional Informotion for 2025 : Additional Information for 2025 : 1. Land of $780,000 was obtained by issuing a note payable to the seller. 2. Buildings of $884,000 and equipment of $36,840 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $9,544. 4. Issued common stock for $1,280,000. 5. Purchased 12,800 shares of treasury stock for $29 per share. 6. Sold 6,800 shares of treasury stock at $30 per share. 7. Declared and paid a cash dividend of $14,760. Required: Prepare the statement of cash flows for the year ended December 31, 2025, using the indirectmethod. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) GKEAI AUVENIURES, INCURFYRKAIEU Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Step by Step Solution
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