Cullumber's Hipcamp is a private camping ground near the Pisgah National Forest. It has compiled the following financial information as of December 31, 2025. Services revenues (from camping fees) Sales revenues (from general store) Accounts payable Cash Equipment (a) Net income $ eTextbook and Media List of Accounts $131,500 Save for Later 25,000 12,300 15,000 105,500 Dividends Determine net income for Cullumber's Hipcamp for 2025. Notes payable Administrative expenses Supplies Common stock Retained earnings (1/1/2025) $8,000 63,000 133,900 2,600 30,000 3,200

Cullumber's Hipcamp is a private camping ground near the Pisgah National Forest. It has compiled the following financial information as of December 31, 2025. (a) Determine net income for Cullumber's Hipcamp for 2025