Tony's 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 Suzle jogged along a nature trall and came across a wonderful piece of property for sale. He turned to Suzle and said, "T've always wanted to start a camp where families could get away and spend some quality time togethec, 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 $640,000,6%,10-year installment note to the seller. Payments of $7,105 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $7,105 includes both interest expense and prindpal payments (fe, 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 evert" Suzie said, "There's something else i need to tell you. I'm expectingl" \begin{tabular}{c|c} Income & \begin{tabular}{c} Balance \\ Statem.. \end{tabular} \\ Sheet \end{tabular} 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. Tony's 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 Suzle jogged along a nature trall and came across a wonderful piece of property for sale. He turned to Suzle and said, "T've always wanted to start a camp where families could get away and spend some quality time togethec, 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 $640,000,6%,10-year installment note to the seller. Payments of $7,105 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $7,105 includes both interest expense and prindpal payments (fe, 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 evert" Suzie said, "There's something else i need to tell you. I'm expectingl" \begin{tabular}{c|c} Income & \begin{tabular}{c} Balance \\ Statem.. \end{tabular} \\ Sheet \end{tabular} 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
