Business, 20.09.2020 14:01, campbellcameca

Crane Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $139,400
Dividends $11,340
Sales revenue (from general store) 30,600
Notes payable 63,000
Accounts payable 13,860
Expenses during 2022 130,940
Cash 10,710
Supplies 6,930
Equipment 143,640
Common stock 50,400
Retained earnings (1/1/2022) 6,300

Required:
Determine Crane Lakes Park's net income for 2022.

Answers: 2

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Crane Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled...