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! $198,030 Expenses Cost of goods sold $ 40,100 Operating expenses 70,920 Depreciation expense 19,650 Interest expense 10,775 Income tax expense 16,100 Total expenses 157,545 Net income $ 40,485 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Increase (I) or Decrease (D) 2022 2021 $ $ 302,742 50, 480 10,200 1,220 $ 53,940 0 0 5,780 248,802 (I) 50,480 () 10,200 (1) 4,560 (D) Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets! Land Buildings Equipment Accumulated depreciation Total assets 820,000 896,000 94,960 (28,450) $2,147,152 0 0 56,000 (B, 800) $117,800 820,000 (1) 896,000 (1) 38,960 (1) 19,650 (1) $ 31,440 (1) $ 3,440 910 14,320 1,780 (I) 30, 600 (I) Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 34,880 Interest payable 910 Income tax payable 16,100 Other current 30, 600 liabilities Notes payable (current and long-term) 843, 167 Stockholders' equity Common stock 152,000 Paid-in capital 1,195, 200 Retained earnings 60,295 Treasury stock (186,000) Total liabilities and $2,147,152 stockholders' equity 33,200 809,967 (I) 20,000 0 35,050 0 $117,800 132,000 (1) 1,195,200 (I) 25,245 (I) (186,000) (I) 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 $38.960 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: $ 0 Net cash flow from operating activities Cash Flows from Investing Activities 0 Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 0 Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities $ 0