Required Information RWP10-1 (Algo) Great Adventures Continulng Case [The following information applies to the questions displayed below.] Tony and Suzle have purchased land for a new camp. Now they need money to bulld the cabins, dining facllity, 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 frlends they had made through the outdoor clinlcs and TEAM events. They declded to go ahead and sell shares of stock in the company to ralse 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 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 2025 : November 5 Issue an additional 12,e80 shares of common stock for $10 per share. November 16 Purchase 12,000 shares of its own common stock (i.e., treasury stock) for $25 per share. November 24 Resell 6,000 shares of treasury stock at $26 per share. December 15. December 20 Pay the cash dividend declared on December 1. Buildings account. RWP10-1 (Algo) Great Adventures Continuing Case Part 1 Requlred: 1. Record each of these transactions. (If no entry is requlred for a particular transactlon/event, select "No Journal Entry Required" In the first account fleld.) Answer is complete and correct. 2. Great Adventures has net Income of $39,241 In 2025 . Retalned earnings at the beginning of 2025 was $34,450. Prepare the stockholders' equlty section of the balance sheet for Great Adventures as of December 31, 2025. (Amounts to be deducted should be Indlcated with a minus sign.)