The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Net revenues: $179,040 Expenses: Cost of goods sold $39,200 Operating expenses 59,940 Depreciation expense 18,300 Interest expense 8,530 Income tax expense 15,200 Total expenses 141,170 Net income $ 37,870 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024
GREAT ADVENTURES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities \begin{tabular}{|l|r|} \hline Net income & $ \\ \hline Adjustmentstoreconcilenetincometonetcashflowsfromoperatingactivities: & \\ \hline Depreciation expense & \\ \hline Increase in accounts payable & \\ \hline Increase in inventory & \\ \hline Decrease in other current assets & \\ \hline Increase in accounts payable & \\ \hline Increase in income tax payable & \\ \hline Increase in other current liabilities & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{||c|c|} \hline Net cash flow from operating activities & \\ \hline Cash Flows from Investing Activities & \\ \hline Purchase of buildings & \\ \hline Purchase of equipment & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flow from investing activities Cash Flows from Financing Activities \begin{tabular}{|l|l|} \hline Repayment of notes payable & \\ \hline Issued common stock & \\ \hline Purchased treasury stock & \\ \hline Sale of treasury stock & \\ \hline Payment of dividends & \\ \hline & \\ \hline \end{tabular} Net cash flows from financing activities Net increase in cash Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities Purchase land by issuing a note payable GREAT ADVENTURES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities \begin{tabular}{|l|r|} \hline Net income & $ \\ \hline Adjustmentstoreconcilenetincometonetcashflowsfromoperatingactivities: & \\ \hline Depreciation expense & \\ \hline Increase in accounts payable & \\ \hline Increase in inventory & \\ \hline Decrease in other current assets & \\ \hline Increase in accounts payable & \\ \hline Increase in income tax payable & \\ \hline Increase in other current liabilities & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{||c|c|} \hline Net cash flow from operating activities & \\ \hline Cash Flows from Investing Activities & \\ \hline Purchase of buildings & \\ \hline Purchase of equipment & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flow from investing activities Cash Flows from Financing Activities \begin{tabular}{|l|l|} \hline Repayment of notes payable & \\ \hline Issued common stock & \\ \hline Purchased treasury stock & \\ \hline Sale of treasury stock & \\ \hline Payment of dividends & \\ \hline & \\ \hline \end{tabular} Net cash flows from financing activities Net increase in cash Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities Purchase land by issuing a note payable
