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Blossom Company, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2019. Revenues
Blossom Company, 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 $201.600 Notes payable $86,400 Revenues during 2019-general store 67.680 Expenses during 2019 216.000 Accounts payable 15,840 Supplies on hand 3,600 Cash on hand 28,800 Common stock stock 28,800 Original cost of equipment 151,920 Retained earnings Fair value of equipment 201,600 Determine Blossom Company's net income for 2019. Blossom Company's net income $
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