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Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31.2022

image text in transcribed Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31.2022 Service revenue (from camping fees) $132.600 Dividends $9,540 Sales revenue (from general store) 23,400 Notes payable 53.000 Accounts payable Cash Equipment 11,660 Expenses during 2022 123.140 9.010 Supplies 5,830 120,840 Common stock 42,400 Retained earnings (1/1/2022) 5,300 Determine Cullumber Lakes Park's net income for 2022 Cullumber Lakes Park's net income for 2022 $ G D

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