Bramble Corp., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020-camping fees $176,400 Notes payable $75,600 Revenues during 2020-general store 59,220 Expenses during 2020 189,000 Accounts payable 13,860 Supplies on hand 3,150 Cash on hand 25,200 Common stock 25,200 Original cost of equipment 132,930 Retained earnings ? Fair value of equipment 176,400 Determine Bramble Corp.'s net income for 2020. Bramble Corp.'s net income $ 46,620