Question

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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  • CreatedJuly 15, 2014
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