Required information RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies fo 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 Suzie first checked with Summit Bank to see if they could borrow an additional \$1 million, but unfortunately the bank tumed them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They clecided 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 Hoveeber 5 Issue an additional 102,000 shares of comon stock for 510 per share. thoventer 16. Aurchase 10, 200 shares of its own combon stock (i.e., treavury stock) for \$16 per share. Noventer 24 . hesell 4,200 shares of treavury stock at \$17 per share. Decesber 1 beclare s cash dividend on its conemen stock of 511,600 (\$0. 10 per share) to all stockholders of record on Decenber 15 . Decenber 20 - Pay the cash dividend declared on Oecenber 1 oecenber 30 Pay 5605,000 for construction of new cabins and other focilitie3, The entire expenditure is reconded in the Euildings account. RWP10-1 (Algo) Great Adventures Continuing Case Part 2 2. Great Adventures has net income of $36.176 in 2025. Retained earnings at the beginning of 2025 was $33,550. Prepare the stockholders' equity section of the balance shect for Great Adventures as of December 31, 2025. (Amounts to be deducted should be indicated with a minus sign.) GREAT ADVENTURES, INCORPORATED Balance Sheet (Stockholders' Equity Section) December 31,2025 Stockholders' Equity: Total Paid-in Capital Total Stockholders' Equity
