The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues: $164,270 Expenses: Cost of goods sold $38,500 Operating expenses 51,400 Depreciation expense 17,250 Interest expense 6,785 Income tax expense 14,500 Total expenses 128,435 Net income $ 35,835 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Increase (I) or Decrease (D) 2022 2021 $ $ 64,500 180,568 47,600 7,000 $116,068 (I) 47,600 (I) 7,000 (1) 3,600 (D) 900 4,500 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets EEE EEEE 500,000 800,000 62,000 (25, 250) $1,572,818 500,000 (I) 800,000 (I) 22,000 (I) 17, 250 (I) 40,000 (8,000) $101,000 $ $ $ 18,000 (I) 20,800 750 14,500 21,000 523,883 2,800 750 14,000 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 0 500 (I) 21,000 (I) 493,883 (I) 30,000 20,000 20,00 0 120,000 904,000 57,885 (90,000) $1,572,818 33,450 0 $101,000 100,000 (1) 904,000 (I) 24,435 (I) (90,000) (I) Additional Information for 2022: 1. Land of $500,000 was obtained by issuing a note payable to the seller. 2. Buildings of $800,000 and equipment of $22,000 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $6,117. 4. Issued common stock for $1,000,000. 5. Purchased 10,000 shares of treasury stock for $15 per share. 6. Sold 4,000 shares of treasury stock at $16 per share. 7. Declared and paid a cash dividend of $11,400. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)