Question: The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. Additional Information for 2022: 1. Land of $900,000 was obtained

 The income statement, balance sheets, and additional information for Great Adventures,
Inc., are provided below. Additional Information for 2022: 1. Land of $900,000
was obtained by issuing a note payable to the seller. 2. Bulldings
of $920,000 and equipment of $43,200 were purchased using cash. 3. Monthly

The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. Additional Information for 2022: 1. Land of $900,000 was obtained by issuing a note payable to the seller. 2. Bulldings of $920,000 and equipment of $43,200 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $11,011. 4. Issued common stock for $1,400,000. 5. Purchased 14,000 shares of treasury stock for $35 per share. 6. Sold 8,000 shares of treasury stock at $36 per share. 7. Declared and paid a cash dividend of $16,200. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

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