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:				$	172,710
Expenses:
Cost of goods sold	$	38,900
Operating expenses		56,280
Depreciation expense		17,850
Interest expense		7,782
Income tax expense		14,900
Total expenses					135,712
Net income				$	36,998

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
					Increase (I) or
	2022		2021		Decrease (D)
Assets
Current assets:
Cash	$	211,112			$	61,860			$	149,252		(I)
Accounts receivable		48,320				0				48,320		(I)
Inventory		7,800				0				7,800		(I)
Other current assets		980				4,820				3,840		(D)
Long-term assets:
Land		580,000				0				580,000		(I)
Buildings		824,000				0				824,000		(I)
Equipment		70,240				44,000				26,240		(I)
Accumulated depreciation		(26,050	)			(8,200	)			17,850		(I)
Total assets	$	1,716,402			$	105,200
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	24,320			$	2,960			$	21,360		(I)
Interest payable		790				790
Income tax payable		14,900				14,080				820		(I)
Other current liabilities		23,400				0				23,400		(I)
Notes payable (current and long-term)		603,704				30,800				572,904		(I)
Stockholders equity:
Common stock		128,000				20,000				108,000		(I)
Paid-in capital		976,800				0				976,800		(I)
Retained earnings		58,488				33,850				24,638		(I)
Treasury stock		(114,000	)			0				(114,000	)	(I)
Total liabilities and stockholders equity	$	1,716,402			$	105,200

Additional Information for 2022:

1. Land of $580,000 was obtained by issuing a note payable to the seller.
2. Buildings of $824,000 and equipment of $26,240 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $7,096.
4. Issued common stock for $1,080,000.
5. Purchased 10,800 shares of treasury stock for $19 per share.
6. Sold 4,800 shares of treasury stock at $20 per share.
7. Declared and paid a cash dividend of $12,360.

AP11-2 Financial Analysis: American Eagle Outfitters, Inc.

Financial information for American Eagle is presented in Appendix A.

Required:

1. What was the amount of increase or decrease in cash and cash equivalents for the most recent year? (Enter your answer in thousands (i.e., $10,000,000 should be entered as 10,000).)

2-a. What was net cash from operating activities for the most recent year? (Enter your answer in thousands (i.e., $10,000,000 should be entered as 10,000).)

2-b. Is net cash from operating activities increasing in the most recent year?

multiple choice 1

Yes

No

2-c. What is the largest reconciling item between net income and net operating cash flows during the most recent year?

multiple choice 2

Accounts receivable

Depreciation and amortization

Accounts payable

Prepaid rent

3-a.What was net cash from investing activities for the most recent year? (Negative amounts should be indicated by a minus sign. Enter your answer in thousands (i.e., $10,000,000 should be entered as 10,000).)

3-b.What is the largest investing activity during the most recent year?

multiple choice 3

Collection of note receivable

Sale proceeds from investments

Capital expenditures for property and equipment

Sale proceeds from land

4-a. What was net cash from financing activities for the most recent year? (Negative amounts should be indicated by a minus sign. Enter your answer in thousands (i.e., $10,000,000 should be entered as 10,000).)

4-b. What is the largest financing activity during the most recent year?

multiple choice 4

Purchase of treasury stock

Issuance of common stock

Repayment of note payable

Payment of cash dividends