RWP11-1 (Algo) Great Adventures Continuing Case The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. Additional Information for 2025 : 1. Land of $700,000 was obtained by issuing a note payable to the seller. 2. Buildings of $860,000 and equipment of $32,600 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $8,563. 4. Issued common stock for $1,200,000. 5. Purchased 12,000 shares of treasury stock for $25 per share. 6. Sold 6,000 shares of treasury stock at $26 per share. 7. Declared and paid a cash dividend of $13,800. Required: Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) GREAT ADVENTURES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net income $38,741 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in accounts payable Net cash flow from operating activities \$ 38,741 Cash Flows from Investing Activities Purchase of buildings Purchase of equipment (860,000) Net cash flow from investing activities Cash Flows from Financing Activities Issued common stock Sale of treasury stock Purchased treasury stock Payment of dividends (32,600)