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 $202,250 $40,300 73,360 19,950 11,274 16,300 161,184 $ 41,066 Assets Current assets: Cash Accounts receivable. Inventory Other current assets GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Common stock Other current liabilities Stockholders' equity: Paid-in capital Notes payable (current and long-term) 2022 2021 Increase (I) or Decrease (D) $ 318,014 50,840 $ 52,620 $ 265,394 (I) 0 50,840 (I) 10,600 0 10,600 (I) 1,260 5,940 4,680 (D) 860,000 0 860,000 (I) 908,000 0 908,000 (I) 99,080 (28,850) $2,218,944 58,000 41,080 (I) (8,900) 19,950 (I) $119,900 $ 36,640 930 16,300 $ 3,520 930 14,360 $ 33,120 (I) 1,940 (I) 31,800 0 31,800 (I) 883,078 33,600 849,478 (I) 156,000 20,000 1,231,600 0 136,000 1,231,600 (I) (I)