下午7:02 ezto.mheducation.com AT&T令 Income statement and balance sheet data for Great Adventures, Inc., a provided below. GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2017 Service revenue (clinic, racing. TEAM) Sales revenue (MU watches) $545.000 $665,000 Total revenues Cost of goods sold (MU watches) Operating expenses Depreciation expense Interest expense Income tax expense 1,000 304,376 51,000 29,824 57,600 Total expenses 513,800 Net income $151.200 GREAT ADVENTURES, INC. Balance Sheet December 31, 2017 and 2016 Increase (1) or Decrease (D) 2017 2016 Current assets: $139,000 $325,094 46,500 7150 13,150 186.0940) 10,500) 3,050 2,050 Cash Accounts receivable 36,000 10 Other current assets Long-term assets: 400,000 1,100,000 66,000 76,500) Land 0 400,000 ) 0 1100,000 66,000 (25,500) 51,000 Total assets 1,891,394 $ 240,700 Liabilities and Stockholders’ Equity Current liabilities $9100 $12,150 760 57,600 3,050 Accounts payable Interest payable Income tax payable 760 19100 38.500 30,500 472,344 ) 25,000 100,000) 136,840 31,200 Notes payable 502,844 Stockholders’ equity: Common stock Paid-in capital Retained earnings Treasury stock 125,000 1105,000 168,040 0 1105,000 ) 0 (80,000) )
