Question: The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below $168,490 GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended



\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} GREAT ADVENTURES, INCORPORATED \\ Income Statement \\ For the Year Ended December 31, 2025 \end{tabular}} \\ \hline Net revenues: & & $168,490 \\ \hline \multicolumn{3}{|l|}{ Expenses: } \\ \hline Cost of goods sold & $38,700 & \\ \hline Operating expenses & 53,840 & \\ \hline Depreciation expense & 17,550 & \\ \hline Interest expense & 7,284 & \\ \hline Income tax expense & 14,700 & \\ \hline Total expenses & & 132,074 \\ \hline Net income & & $36,416 \\ \hline \end{tabular} 1. Land of $540,000 was obtained by issuing a note payable to the seller. 2. Buildings of $812,000 and equipment of $24,120 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $6,606. 4. Issued common stock for $1,040,000. 5. Purchased 10,400 shares of treasury stock for $17 per share. 6. Sold 4,400 shares of treasury stock at $18 per share. 7. Declared and paid a cash dividend of $11,880. \begin{tabular}{l} GREAT ADVENTURES, INCORPORATED \\ Statement of Cash Flows \\ For the Year Ended December 31, 2025 \\ \hline Cash Flows from Operating Activities \\ \hline \begin{tabular}{l} Adjustments to reconcile net income to net cash \\ flows from operating activities: \end{tabular} \\ \hline \\ \hline \\ \hline \\ \hline Cash Flows from Financing Activities \\ \hline Net cash flow from operating activities \\ \hline \end{tabular} Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities
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