Post-closing \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ GREAT ADVENTURES, INCORPORATED } \\ \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ For the Period Ended June 30, 2025} \\ \hline Revenue: & & \\ \hlineF & $ & x2+x2 \\ \hline 5 & & \\ \hline & & \\ \hline 5 & & \\ \hline Net revenues & & $ \\ \hline \multicolumn{3}{|l|}{ Expenses: } \\ \hline Y & & \\ \hline E & & \\ \hline F & & \\ \hline 5 & & \\ \hline F & & \\ \hline & & \\ \hline & & \\ \hline 7 & & \\ \hline Total Expenses & & 0 \\ \hline L & & $ \\ \hline \end{tabular} Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony believes that many groups in the community (for example, Boys and Girls Clubs, church groups, clvic group5, and local businesses) would like to hold one-day outings for their members. Groups would engage in outdoor activities such as rock climbing, fishing, capture the flag, paintball, treasure hunts, scavenger hunts, nature hikes, and so on. The purpose of these one-day events would be for each member of the group to learn the importance of TEAM (Together Everyone Achieves More). Tony knows that most people are not familiar with these types of activities, so to encourage business he allows groups to participate in the event before paying. He offers a 4% quick-payment discount to those that pay within 10 days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. January 24 Grest Adventuren parehanes outdoor gear such an rogbs, helmeta, harnesses, companses, and other mincelianeous equiphent for 55,400 cash. rebruary 25 Kendali's Doys and cirle club participates in a one-day TrhM adventure. Nornaliy, Fony would charge a group of this size $3,900, but he vants te encourage kids to exercise more and enjoy the outdoora so he charges the group only $3,400. Creat Mdventuren providen thene nervicen on account. Vebcuary 28 Creat Adventures receiven payment fron the Boya and Girle club for the fuli anount oved, less the is quilekMaroh is payment discount. eervices on account for 54,400 , and heynold's agrees to pay within 30 daya. Aprit 7 discount. imediately and the event is nchedised for the tollowing week. Anaril 14 The TENM adventure is held for nemberi of the rikn Lodge. April 30 Wrera Mamafacturing participates in a tEaM adventare. Creat Mdventarea provides aervices an accoune for $9,600, and Hyers agrees to pay within 30 days. May 31 Myers Manufacturitig failis to pay the anount oved within the 1 pecified period and agroes to sigo a threemonth, 61 note recelvable to replace the exiating account receivable. Thine is Post-closing