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Required information RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie have purchased land for a

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Required information RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie have purchased land for a new camp. Now they need money to bulld 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, 2024, Tony and Suzie 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 2025 : November 5 Issue an additional 136,000 shares of common stock for $10 per share. Novenber 16. Purchase 13,600 shares of its own common stock (1.e., treasury stock) for $33 per share. November 24 Resell 7,660 shares of treasury stock at $34 per share. December 1 Declare a cash dividend on its common stock of $15,000 ( 50.10 per share) to att stockhotders of record on Decenber 15 . December 20 Pay the cash dividend declared on Deceeber 1. December 30. Pay $890,000 for construction of new cabins and other facitities. The entire expenditure is recorded in the Busldings account. RWP10-1 (Algo) Great Adventures Continuing Case Part 2 2. Great Adventures has net income of $41,966 in 2025. Retained earnings at the beginning of 2025 was $35,250. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2025. (Amounts to be deducted should be indicated with a minus sign.)

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