Tonys favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, Ive always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place. On November 1, 2025, Great Adventures purchased the land by issuing a $500,000, 6%, 10-year installment note to the seller. Payments of $5,551 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $5,551 includes both interest expense and principal payments (i.e., reduction of the loan amount). Late that night, Tony exclaimed, We now have land for our new camp; this has to be the best news ever! Suzie said, Theres something else I need to tell you. Im expecting!

Please help me:

1. Complete entries 5 and 6 on the general journal

2. Prepare an income statement for the period ended December 31, 2025. Choose the appropriate accounts to complete the company's income statement. The unadjusted or post-closing balances will appear for each account, based on your selection.

3. Prepare a classified balance sheet as of December 31, 2025. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection.

This should be everything required to solve this. Thanks!

Installment note to the seller. Payments of $5,551 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $5,551 includes both Interest expense and principal payments (I.e., reduction of the loan amount). Late that night, Tony exclaimed, "We now have land for our new camp; this has to be the best news ever!" Suzle sald, "There's something else I need to tell you. I'm expecting!" Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Prepare a classified balance sheet as of December 31,2025. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection. Post-closing GREAT ADVENTURES, INCORPORATED Trial Balance December 31,2025 Installment note to the seller. Payments of $5,551 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $5,551 includes both Interest expense and principal payments (I.e., reduction of the loan amount). Late that night, Tony exclaimed, "We now have land for our new camp; this has to be the best news ever!" Suzle sald, "There's something else I need to tell you. I'm expecting!" Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Prepare a classified balance sheet as of December 31,2025. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection. Post-closing GREAT ADVENTURES, INCORPORATED Trial Balance December 31,2025