Assets Liabilities and Stockholders' Equity $ Total Liabilities and Stockholders' Equity $ $ $ $ Cheyenne Corp., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2019. Revenues during 2019-camping fees Notes payable $190,400 Revenues during 2019-general store $81,600 63,920 Expenses during 2019 204,000 14,960 Supplies on hand 3,400 27,200 Common stock 27,200 143,480 Retained earnings ? 190,400 Accounts payable Cash on hand Original cost of equipment Fair value of equipment (a) Your answer is correct. Determine Cheyenne Corp.'s net income for 2019. Cheyenne Corp.'s net income 50320