Required Information Great Adventures Problem AP10-1 {The following information applies to the questions displayed below.] Tony and Suzle have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzle first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzle each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022: November 5 Issue an additional 134,cee shares of combn stock for $10 per share. November 16 Purchase 13,400 shares of its own comon stock (i.e., treasury stock) for $32 per share. November 24 Resell 7,469 shares of treasury stock at $33 per share. December 1 Declare a cash dividend on its common stock of $15,429 ($0.19 per share) to all stockholders of record on December 15. December 29 Pay the cash dividend declared on December 1. Pay $385,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings December 31 account. Great Adventures Problem AP10-1 Part 2 2. Great Adventures has net income of $41,626 In 2022. Retained earnings at the beginning of 2022 was $35,150. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2022. (Amounts to be deducted should be Indicated with a minus sign.) GREAT ADVENTURES, INC. Balance Sheet (Stockholders' Equity Section) December 31, 2022 Stockholders equity: Total paid in capital Total stockholders equity