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 $189,590 Net revenues: Expenses: Cost of goods sold $39,700 66,040 19,050 Operating expenses Depreciation expense 9,777 Interest expense Income tax expense Total expenses 15,700 150,267 $ 39,323 Net income GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Increase (I) or 2022 2021 Decrease (D) Assets Current assets: $ 56,580 Cash 215,618 (I) 49,760 (I) 9,400 (I) 4,320 (D) 272,198 49,760 9,400 Accounts receivable Inventory Other current assets 5,460 1,140 Long-term assets: 740,000 740,000 (I) 872,000 (I) 34,720 (I) Land Buildings Equipment Accumulated depreciation 872,000 86,720 52,000 (8,600) (27,650) $2,003,568 19,050 (I) $113,600 Total assets Liabilities and Stockholders' Equity Current liabilities: Equity Liapilities ana stOCknolaers Current liabilities: $ 3,280 31,360 28,080 (I) Accounts payable Interest payable 870 870 1,460 Income tax payable Other current liabilities 15,700 28,200 763,345 14,240 (I) 28,200 (I) 730,945 (I) 32,400 Notes payable (current and long-term) Stockholders' equity: 144,000 1,122,400 Common stock Paid-in capital Retained earnings 20,000 124,000 1,122,400 (I) 25,043 (I) (162,000) (I) (I) 59,693 34,650 (162,000) Treasury stock $2,003,568 $113,600 Total liabilities and stockholders' equity Additional Information for 2022: 1. Land of $740,000 was obtained by issuing a note payable to the seller. 2. Buildings of $872,000 and equipment of $34,720 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $9,055. 4. Issued common stock for $1,240,000. 5. Purchased 12,400 shares of treasury stock for $27 per share. 6. Sold 6,400 shares of treasury stock at $28 per share. 7. Declared and paid a cash dividend of $14,280. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) GREAT ADVENTURES, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities