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

Additional Information for 2022:

Land of $780,000 was obtained by issuing a note payable to the seller.

Buildings of $884,000 and equipment of $36,840 were purchased using cash.

Monthly payments during the year reduced notes payable by $9,544.

Issued common stock for $1,280,000.

Purchased 12,800 shares of treasury stock for $29 per share.

Sold 6,800 shares of treasury stock at $30 per share.

Declared and paid a cash dividend of $14,760.

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.)

GREAT ADVENTURES, INC. Income Statement For the year ended December 31,2022 Net revenues: Expenses: \begin{tabular}{lrr} Cost of goods sold & $39,900 \\ Operating expenses & 68,480 & \\ Depreciation expense & 19,350 & \\ Interest expense & 10,276 & \\ Income tax expense & 15,900 & \\ Total expenses & & 153,906 \\ \cline { 2 - 3 }$39,904 \\ \hline \end{tabular} GREAT ADVENTURES, INC. Balance Sheets December 31,2022 and 2021 Assets Increase (I) or Current assets: CashAccountsreceivableInventoryOthercurrentassets$287,47050,1209,8001,180$55,260005,620$232,21050,1209,8004,440(I)(I)(I)(D) Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets \begin{tabular}{rrr} 780,000 & 0 & 780,600 \\ 884,000 & 0 & 884,000 \\ 90,840 & 54,000 & 36,840 \\ (28,050) & (8,700) & 19,350 \\ \cline { 3 - 3 }$2,075,360 & $115,700 & \\ \hline \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) (I) (I) (I) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equitv