2 tower.com O O Ch1 Question 12 of 23 View Policies Current Attempt in Progress Sarah Allen is the sole owner of Blossom Vista Park. a public camping ground near the Crater Lake National Recreation Area. Sarah has compiled the following financial information as of December 31, 2022 $172.690 Fair value of equipment 5 172,690 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable 80,177 Notes payable 74,010 Expenses during 2022 185.025 13,568 28,370 Cash on hand Accounts receivable 21586 Original cost of equipment 130,134 la) Determine Sarah Allen's net income from Blossom Vista Park for 2022 Net income $ (b) Prepare a balance sheet for Blossom Vista Park as of December 31, 2022. (List Assets in order of liquidity.) BLOSSOM VISTA PARK Balance Sheet MacBook Air (5) Prepare a balance sheet for Blossom Vista Park as of December 31, 2022. (List Assets in order of liquidity.) BLOSSOM VISTA PARK Balance Sheet Assets Liabilities and Owner's Equity Question 13 of 23