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The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. Net income Additional Information for 2025 : 1. Land of
The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. Net income Additional Information for 2025 : 1. Land of $600,000 was obtained by issuing a note payable to the seller. 2. Buildings of $830,000 and equipment of $27,300 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $7,340 4. Issued common stock for $1,100,000. 5. Purchased 11,000 shares of treasury stock for $20 per share. 6. Sold 5,000 shares of treasury stock at $21 per share. 7. Declared and paid a cash dividend of $12,600. Required: Prepare the statement of cash flows for the year ended December 31, 2025, using the incirect method. (Amounts to be deductecash outfiows, and any decrease in cash should be indicated with a minus sign.) Required: Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (A cash outflows, and any decrease in cash should be indicated with a minus sign.)
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