Cheyenne 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 Revenues during 2020-general store $190,400 63,920 Notes payable Expenses during 2020 $81,600 204,000 3,400 27,200 Accounts payable 14,960 Supplies on hand Cash on hand 27,200 143,480 Common stock Retained earnings Original cost of equipment Fair value of equipment 190,400 Determine Cheyenne Corp.'s net income for 2020. Cheyenne Corp.'s net income $ e Textbook and Media List of Accounts Prepare a balance sheet for Cheyenne Corp. as of December 31, 2020. (List Assets in order of liquidity) Cheyenne Corp. Balance Sheet