The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. Net revenues: Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $185,370 $39,500 63,600 18,750 9,279 15,500 146,629 $ 38,741 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Increase (I) or Decrease (D) 256,928 $ 57,900 49,400 0 9,000 0 1,100 5,300 $ 199,028 (1) 49,400 (1) 9,000 (1) 4,200 (D) 700,000 0 700,000 (1) 860,000 0 860,000 (1) 82,600 50,000 32,600 (1) (27,250) (8,500) 18,750 (I) Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation. Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $1,931,778 $ 29,600 Interest payable Income tax payable. Other current liabilities Noter ngushla frurrant and Inna-termi 850 15,500 27,000 < Prev 2 of 2 $111,500 $ 3,200 850 14,200 0 37 000 Next > $ 26,400 (1) 1,300 (I) 27,000 (I) 601 437 TI Net income $ 38,141 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity Additional Information for 2025: 2025 2024 (27,250) $1,931,778 Increase (I) or Decrease (D) $ 199,028 (I) $ 256,928 $ 57,900 49,400 0 49,400 (I) 9,000 e 9,000 (1) 1,100 5,300 4,200 (D) 700,000 B 700,000 (I) 860,000 0 860,000 (1) 82,600 50,000 32,600 (I) (8,500) 18,750 (I) $111,500 850 $ 3,200 850 15,500 14,200 27,000 0 723,437 32,000 $ 26,400 (1) 1,300 (I) 27,000 (1) 691,437 (I) 140,000 20,000 1,086,000- 0 120,000 (1) 1,086,000 (1) 59,391 34,450 (150,000) 24,941 (I) (150,000) (1) $1,931,778 $111,500 $ 29,600 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. Denis 2 of 2 Next Accounts receivable Inventory Other current assets. Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity. Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity Additional Information for 2025: (27,250) $1,931,778 49,400 9,000 B 49,400 (1) 9,000 (I) 1,100 5,300 4,200 (D) 700,000 700,000 (1) 860,000 0 860,000 (1) 82,600 50,000 (8,500) 32,600 (I) 18,750 (I) $111,500 850 $ 3,200 850 15,500 27,000 14,200 0 723,437 32,000 $ 26,400 (I) 1,300 (I) 27,000 (1) 691,437 (I) 140,000 20,000 1,086,000 0 120,000 (1) 1,086,000 (I) 59,391 34,450 (150,000) 0 24,941 (I) (150,000) (1) $1,931,778 $111,500 $ 29,600 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 Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities BRE Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities