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Exercise 1-10 (Part Level Submission) Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial

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Exercise 1-10 (Part Level Submission) Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. 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 2017 126,000 Cash 8,500 Supplies 5,500 Equipment 114,000 Common stock 40,000 Retained earnings (1/1/2017) 5,000 v (a) Determine Otay Lakes Park's net income for 2017. Otay Lakes Park's net income for 2017 Click if you would like to Show Work for this question: Modify Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used

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