E1-10 Flint Hills Park is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2014. Service revenue (from camping fees) $132,000 Dividends $ 9,000 Sales revenue (from general store) 25,000 Notes payable 50,000 Accounts payable 11,000 Expenses during 2014 126,000 Cash 8,500 Supplies 5,500 Equipment 114,000 Common stock 40,000 Retained earnings (1/1/2014) 5,000 Instructions (a) Determine Flint Hills Park's net income for 2014 (b) Prepare a retained earnings statement and a balance sheet for Flint Hills Park as of December 31, 2014 (c) Upon seeing this income statement, Joe Winsor, the campground manager, immedi- ately concluded, "The general store is more trouble than it is worth--let's get rid of it." The marketing director isn't so sure this is a good idea. What do you think