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: Expenses: $198,030 Cost of goods sold $40,100 Operating expenses 70,920 Depreciation expense 19,650 Interest expense 10,775 Income tax expense 16,100 Total expenses Net income Assets 157,545 $ 48,485 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) Current assets: Cash Accounts receivable Inventory Other current assets: Long-term assets: $ 302,742 $ 53,940 $ 248,802 (1) 50,480 e 50,480 (1) 10,200 e 10,200 (1) 1,220 5,780 4,560 (D) Land 820,000 820,000 (1) Buildings 896,000 0 896,000 (1) Equipment 94,968 56,000 38,960 (I) Accumulated depreciation (28,450) $2,147,152 (8,800) $117,800 19,650 (1) Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable. $ 34,880 $3,440 $ 31,440 (I) Interest payable 910 910 Income tax payable. 16,100 14,320 1,780 (1) Other current liabilities 30,600 0 30,600 (1) Notes payable (current and Long-term) 843,167 33,200 889,967 (1) Stockholders' equity: Common stock 152,000 20,000 132,000 (1) Paid-in capital 1,195,200 8 1,195,200 (1) Retained earnings 60,295 35,050 Treasury stock (186,000) e 25,245 (1) (186,000) (1) Total liabilities and stockholders' equity $2,147,152 $117,800 Additional Information for 2022: 1. Land of $820,000 was obtained by issuing a note payable to the seller 2. Buildings of $896,000 and equipment of $38,960 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $10,033. 4. Issued common stock for $1,320,000. 5. Purchased 13,200 shares of treasury stock for $31 per share. 6. Sold 7,200 shares of treasury stock at $32 per share. 7. Declared and paid a cash dividend of $15,240 Additional Information for 2022: 1 Land of $820,000 was obtained by issuing a note payable to the seller 2. Buildings of $896,000 and equipment of $38,960 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $10,033 4. Issued common stock for $1,320,000. 5. Purchased 13,200 shares of treasury stock for $31 per share. 6. Sold 7,200 shares of treasury stock at $32 per share. 7. Declared and paid a cash dividend of $15,240. 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.) For the rear cnued December 31, ULE Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating $ 0 activities Cash Flows from Investing Activities Net cash flow from investing 0 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 0 $ 0