RWP11-1 (Algo) Great Adventures Continuing Case The income statement, balance sheets, and additional information for...
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RWP11-1 (Algo) Great Adventures Continuing Case The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below. Additional Information for 2025 : 1. Land of $820,000 was obtained by issuing a note payable to the seller. 2. Buildings of $896,000 and equipment of $38,960 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $10,033. 4. Issued common stock for $1,320,000. 5. Purchased 13,200 shares of treasury stock for $31 per share. 6. Sold 7,200 shares of treasury stock at $32 per share. 7. Declared and paid a cash dividend of $15,240. Required: Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.)
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