The Income statement, balance sheets, and additional Information for Great Adventures, Inc., are provided below. $198.03 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues: Expenses: Cost of goods sold $40,160 Operating expenses 78,92e Depreciation expense 19,65e Interest expense 10,775 Income tax expense 16,1ee Total expenses Net income 157,545 $ 40,485 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) $ $ 53,942 $ 302,742 50,480 1e, 2ee 1,220 248,802 50,480 1e, 2ee 4,560 (1) (1) (I (D) 5,75 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets 820, eee 896,000 94,960 (28,450 $2,147,152 56,eee (,see) $117, see 820,eee (I) 896,eee (1) 38,962 (I) 19,652 (I) $ $ 31,-42 (I) 34,850 912 16,100 32,600 343,167 3,442 912 14,320 Liabilities and stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities lotes payable (current and long-term) Stockholders' equity: Common stock Paid in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 1,780 38,620 se9,967 (1) (1) 33,200 20,000 152, eee 1,195,200 60,295 (186, Bee 52,147,152 35, ese 132,eee 1,195,222 25,245 (1 (186,eee ( 5117,see Additional Information for 2022: 1. Land of $820.000 was obtained by issuing a note payable to the seller. 2. Buildings of $896.000 and equipment of S38.960 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, 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 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