[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. Income Statement For the Year Ended December 31, 2020 Service revenue (clnic, racing TEAN 693000 Cost off goods sold MU watches GREAT ADVENTURES, INC Balance Sheets December 31, 2020 and 2019 20g 3000 0 400000 Building 58000 1979410 26so Liabilisies and Stockholders Equity 3 200 9.800 2.000 4000 42260 tax payable Treesury steck 88000 Total Sabilties and stockholdens equity 1979410261350 As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $1.2 million received from the issuance of 100,000 shares of stock to hire a construction company for $1 million to build the cabins, dining facilities, ropes course, and the outdoor swimming pool They even put in a baby pool to celebrate the birth of their firstborn son, little Venture Matheson. Assume all sales and services are on credit