The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.

Additional Information for 2017:
1. Borrowed $500,000 in January 2017. Made 12 monthly payments during the year, reducing the balance of the loan by $37,638.
2. Issued common stock for $1,200,000.
3. Purchased 10,000 shares of treasury stock for $15 per share.
4. Reissued 5,000 shares of treasury stock at $16 per share.
5. Declared and paid a cash dividend of $115,000.

Required:
Prepare the statement of cash flows for the year ended December 31, 2017, using the indirectmethod.

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GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2017 Revenues: Service revenue (clinic, racing, TEAM) Sales revenue (MU watches $543,000 118,000 Total revenues $661,000 Cost of goods sold (watches Operating expenses Depreciation expense Interest expense Income tax expense 70,000 50,000 57,000 Total expenses 511,000 Net income GREAT ADVENTURES, INC. Balance Sheets December 31, 2017 and 2016 Increase (I) or 2017 016Decrease (D) Assets Current assets: 322,362 $138,000 184,362 () 10,000 (1) 3,000() 2,000 ) Accounts receivable 45,000 17,000 13,000 35,000 14,000 11,000 Other current assets Long-term assets: 0 S500,000 () 0 1,000,000 () S 500,000 $ 0 Buildings Equipment Accumulated depreciation 1,000,000 65,000 (75,250) (25,250) 65,000 50,000 () Total assets S1,887,112 $237,750 Liabilities and Stockholders Equit Current liabilities: S 12,000 9,000 S3,000 () 19,000() 462,362 () Accounts payable Interest payable 750 57,000 750 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Paid-in capital 38,000 492,362 30,000 20,000 175,000 140,000 Total liabilities and stockholders equity S1,887,112 $237,750 100,000 () 0 1,105,000 () 35,000 (I) 75,000) () 120,000 1,105,000 Retained earnings Treasury stock (75,000)