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Blue Spruce Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31,
Blue Spruce Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. Service revenue (from camping fees) Sales revenue (from general store) Accounts payable Cash Equipment $187.440 35,500 15,620 12,070 161,880 Determine Blue Spruce Corp's net income for 2017. Blue Spruce Corp.'s net income for 2017 $ Dividends Notes payable Expenses during 2017 Supplies Common stock Retained earnings (1/1/2017) $12.780 71.000 178,920 7,810 56,800 7,100
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