Cozy Bear is a private camping ground near the Mountain Home Recreation Area. It has compiled the following financial information as of December 31, 2017. Dividends Service revenue (from camping fees) Sales revenue (from general store) Accounts payable Cash Equipment INSTRUCTIONS $148,0 00 35,000 Notes payable 16,000 Expenses during 2017 18,500 Supplies 129,00 (a) Determine net income from Cozy Bear for 2017. 0 Common stock Retained earnings (1/1/2017) (b) Prepare a retained earnings statement and a balance sheet for Cozy Bear as of December 31, 2017. S 9,000 50,000 135,000 12,500 40,000 15,000