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 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 por 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 Ienue an additional 118,000 whares of conson atoek for $10 per share. November 16 Purchane 11,800 shares of its oun oosmon stook (1.e., treasury stock) for $24 per share. Novenber 24 hesel1 5,800 shares of treasury ntoek at $25 per share. December 1 Declare a cash dividend on ite connon stoek of $13,200 (\$0.10 per ohare) to al1 stoekhoideru of record on Decenber 15. December 20 pay the canh dividend deciared on Decenber 1 . Decenber 30 pay $845,000 for construction of new cabina and other facilities. The entire expenditure is recorded in the Buildings account. RWP10-1 (Algo) Great Adventures Continuing Case Part 2 2. Great Adventures has net income of $38,901 in 2025. Retained earnings at the beginning of 2025 was $34,350. 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.) 2. Great Adventures has net income of $38,901 in 2025. Retained earnings at the beginning of 2025 was $34,350. 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.)