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: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $195,920 $40,000 69,700 19,500 10,526 16,000 155,726 $ 40,194 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Total assets Liabilities and Stockholders' Equity Current liabilities: 2022 2021 Increase (I) or Decrease (D) $ 295,106 $ 54,600 $ 240,506 (1) 50,300 0 50,300 (I) 10,000 0 10,000 (1) 1,200 5,700 4,500 (D) 800,000 0 800,000 (I) 890,000 0 890,000 (I) 92,900 55,000 37,900 (I) (28,250) (8,750) 19,500 (1) $2,111,256 $116,750 Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Fomann etark 34,000 900 16,000 30,000 823,212 150 000 $ 3,400 900 14,300 33,000 20 aaa $ 30,600 (I) 1,700 (I) 30,000 (I) 790,212 (1) 130 aaa /TI