Tony and Suzie have purchased land for a new camp. Now they need money to bulid the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized \$1 par value common stock. When the company began on July 1, 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : Hovember 5 Insue an additional 110,000 shares of common stoek for 510 per share. Rovenber 16 Purchase 11,000 abaren of tes own comnon stoek (1.e+, treasury stock) for 520 per share. Hovenber 24 Hesel1 5,000 shares of treasury stook at 521 per share. becenber 1 Declare a cash dividend on its cotmon stock of $12,400 (\$0.10 per abare) to all stockholdera of record on Dencenber 15. Decenber 20 Pay the oash dividend declared on Decenber 1. Decenber 30 pay 5925,000 for construction of nes cabine and other facilities. The entire expenditure in recorded in the nuildings account. Choose the appropriate accounts to be reported on the income statement. The unadjusted or post-closing balances will appear for each account, based on your selection. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection. 1. Record each of the transactions listed above in the 'General Joumal' tab. Review the 'General Ledger' and the Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31, 2025, in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31,2025 , in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31,2025 , in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab