Tony and Suzie have purchased land for a new camp. Now they need money to build 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, 2021, 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 2022

November	5	Issue an additional 138,000 shares of common stock for $10 per share.
November	16	Purchase 13,800 shares of its own common stock (i.e., treasury stock) for $34 per share.
November	24	Resell 7,800 shares of treasury stock at $35 per share.
December	1	Declare a cash dividend on its common stock of $15,200 ($0.10 per share) to all stockholders of record on December 15.
December	20	Pay the cash dividend declared on December 1.
December	31	Pay $895,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings 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 selection

Accounts options: Accounts payable, Accounts receivable, accumulated depreciation, Additional paid-in capital, advertising expense, allowance for uncollectible accounts, bad debt expense, buildings, cash, common stock, contingent liability, cost of goods sold, deferred revenue, depreciation expense, dividends, dividends payable, equipment, income tax expense, income tax payable, insurance expense, interest expense, interest payable, interest receivable, interest revenue, inventory, land, loss, notes payable (current), notes payable (long-term), notes receivable, prepaid insurance, prepaid rent, rent expense, repairs and maintenance expense, retained earnings, salaries expense, salaries payable, sales discounts, sales revenue, service revenue, supplies, supplies expense, treasury stock, utilities expense, utilities payable, warranty expense, warranty liability,

GREAT	ADVENTURES	INC
INCOME	STATEMENT	----------
FOR THE	PERIOD ENDED	DECEMBER 31, 2022
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Operating Expense
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Total Operating Expenses		$
Operating Income (Loss)		$
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