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Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December
Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2025. Service revenue (from camping fees) $122,400 Dividends $9,180 Sales revenue (from general store) 30,600 Notes payable 51,000 Accounts payable 11,220 Expenses during 2025 121,380 Cash 8,670 Supplies 5,610 Equipment 116.280 Common stock 40,800 Retained earnings (1/1/2025) 5.100 (a) Determine Blossom Lakes Park's net income for 2025. Blossom Lakes Park's net income/(loss) for 2025
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