Required information [The following information applies to the questions displayed below.) Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Incone Statement For the year ended December 31, 2822 Net sales revenues Interest revenue Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Incone tax expense Total expenses Net income $178,420 180 $38,800 55,068 17,558 7,533 14,800 133,743 $ 36,857 Assets Current assets: Cash Accounts receivable GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: W S a 4 54 #3 2022 2021 $206,206 $ 64,560 48,140 7,600 960 4,740 560,000 815,000 68,180 43,000 (25,850) (8,150) $1,680,236 $104,150 G Prev 1 2 of 2 Nex MacBook Pro 5 % 25