At Mead National Recreation Area, Loren has compiled the following financial information as of december 31,2022

Revenues during 2022 - camping fees $140,000

Revenues during 2022 - general store 65,000

Accounts Payable - 11,000

Cash - 23,000

Equipment 105,500

Notes Payable - $60,000

Expenses during 2022 - $150,000

Accounts receivable -$17,5000

Questions:

1. Determine Meads Net income 2022

Net Income:

2. Determine Meads Total Assets as dec 31,2022

Total assets:

3. Determine Meads Total Liabilities as of dec 31,2022