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:		$195,920
Expenses:
Cost of goods sold	$40,000
Operating expenses	69,700
Depreciation expense	19,500
Interest expense	10,526
Income tax expense	16,000
Total expenses		155,726
Net income		$ 40,194

GREAT ADVENTURES, INCORPORATED
Balance Sheets
December 31, 2025 and 2024
	2025	2024	Increase (I) or Decrease (D)
Assets
Current assets:
Cash	$ 295,106	$ 54,600	$ 240,506	(I)
Accounts receivable	50,300	0	50,300	(I)
Inventory	10,000	0	10,000	(I)
Other current assets	1,200	5,700	4,500	(D)
Long-term assets:
Land	800,000	0	800,000	(I)
Buildings	890,000	0	890,000	(I)
Equipment	92,900	55,000	37,900	(I)
Accumulated depreciation	(28,250)	(8,750)	19,500	(I)
Total assets	$2,111,256	$116,750
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$ 34,000	$ 3,400	$ 30,600	(I)
Interest payable	900	900
Income tax payable	16,000	14,300	1,700	(I)
Other current liabilities	30,000	0	30,000	(I)
Notes payable (current and long-term)	823,212	33,000	790,212	(I)
Stockholders equity:
Common stock	150,000	20,000	130,000	(I)
Paid-in capital	1,177,000	0	1,177,000	(I)
Retained earnings	60,144	34,950	25,194	(I)
Treasury stock	(180,000)	0	(180,000)	(I)
Total liabilities and stockholders equity	$2,111,256	$116,750

Additional Information for 2025:

Land of $800,000 was obtained by issuing a note payable to the seller.

Buildings of $890,000 and equipment of $37,900 were purchased using cash.

Monthly payments during the year reduced notes payable by $9,788.

Issued common stock for $1,300,000.

Purchased 13,000 shares of treasury stock for $30 per share.

Sold 7,000 shares of treasury stock at $31 per share.

Declared and paid a cash dividend of $15,000.

Required:

Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method.