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Debra King is the sole owner of Cullumber Vista Park, a public camping ground near the Crater Lake National Recreation Area. Debra has compiled the

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Debra King is the sole owner of Cullumber Vista Park, a public camping ground near the Crater Lake National Recreation Area. Debra has compiled the following financial information as of December 31, 2022 $143.962 $143.962 Fair value of equipment Notes payable 66,840 61,698 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable Cash on hand 11,311 Expenses during 2022 154,245 23,651 Accounts receivable 17,995 Original cost of equipment 108.486 (a) Determine Debra King's net income from Cullumber Vista Park for 2022 Net income $ (a) Determine Debra King's net income from Cullumber Vista Park for 2022 Net income $ (b) Prepare a balance sheet for Cullumber Vista Park as of December 31, 2022. (List Assets in order of liquidity.) Liabilities and Owner's Equity $

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