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:		$198,030
Expenses:
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		157,545
Net income		$ 40,485

GREAT ADVENTURES, INCORPORATED
Balance Sheets
December 31, 2025 and 2024
	2025	2024	Increase (I) or Decrease (D)
Assets
Current assets:
Cash	$ 302,742	$ 53,940	$ 248,802	(I)
Accounts receivable	50,480	0	50,480	(I)
Inventory	10,200	0	10,200	(I)
Other current assets	1,220	5,780	4,560	(D)
Long-term assets:
Land	820,000	0	820,000	(I)
Buildings	896,000	0	896,000	(I)
Equipment	94,960	56,000	38,960	(I)
Accumulated depreciation	(28,450)	(8,800)	19,650	(I)
Total assets	$2,147,152	$117,800
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	(I)
Other current liabilities	30,600	0	30,600	(I)
Notes payable (current and long-term)	843,167	33,200	809,967	(I)
Stockholders equity:
Common stock	152,000	20,000	132,000	(I)
Paid-in capital	1,195,200	0	1,195,200	(I)
Retained earnings	60,295	35,050	25,245	(I)
Treasury stock	(186,000)	0	(186,000)	(I)
Total liabilities and stockholders equity	$2,147,152	$117,800

Additional Information for 2025:

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, 2025, using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.)