Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as of December 31, 2017 Revenues during 2017-camping fees Revenues during store Accounts payable E76,440 59,878 Expenses during 2017 191,100 3,185 25,480 178,360 Notes payable 2017-general Supplies on hand Share capital -ordinary 14,014 Cash on hand 25,480 Original cost of equipment Fair value of equipment 134,407 Retained earnings 178,360 (a) Determine Bear Park's net income for 2017 Bear Park's net income (b) Prepare a statement of financial position for Bear Park Ltd. as of December 31, 2017 BEAR PARK, LTD Statement of Financial Position Assets Equity and Liabilities Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as of December 31, 2017 Revenues during 2017-camping fees Revenues during store Accounts payable E76,440 59,878 Expenses during 2017 191,100 3,185 25,480 178,360 Notes payable 2017-general Supplies on hand Share capital -ordinary 14,014 Cash on hand 25,480 Original cost of equipment Fair value of equipment 134,407 Retained earnings 178,360 (a) Determine Bear Park's net income for 2017 Bear Park's net income (b) Prepare a statement of financial position for Bear Park Ltd. as of December 31, 2017 BEAR PARK, LTD Statement of Financial Position Assets Equity and Liabilities