RWP10-1 (Static) Great Adventures Continuing Case (GL) Tony and Suzie 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 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 S Issue an additional 100,000 shares of conson stock for s10 per share. Novenber 16 Purchase 10,000 shares of its oin combon stock (1.e., treasury stock) for \$15 per share. Novenber 24 Resell 4,000 shares of treasury stock at $16 per share. Decenber 1 Declare a cash dividend on its conson stock of \$11,409 (\$0.10 per share) to all stockholders of record on December 15. Decenber 20 pay the cash dividend declared on December 1. Deceaber 30 Pay 5800,000 for construction of nev cabins and other fatilities. The entire expenditure is recorded in the Bullaing: account. GREAT ADVENTURES, INCORPORAIED Income Statement For the Period Ended December 31, 2025 Net Sales Gross Profit Operating Expenses: RWP10-1 (Static) Great Adventures Continuing Case (GL) Tony and Suzie 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 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 S Issue an additional 100,000 shares of conson stock for s10 per share. Novenber 16 Purchase 10,000 shares of its oin combon stock (1.e., treasury stock) for \$15 per share. Novenber 24 Resell 4,000 shares of treasury stock at $16 per share. Decenber 1 Declare a cash dividend on its conson stock of \$11,409 (\$0.10 per share) to all stockholders of record on December 15. Decenber 20 pay the cash dividend declared on December 1. Deceaber 30 Pay 5800,000 for construction of nev cabins and other fatilities. The entire expenditure is recorded in the Bullaing: account. GREAT ADVENTURES, INCORPORAIED Income Statement For the Period Ended December 31, 2025 Net Sales Gross Profit Operating Expenses
