Exercise 1-10 (Part Level Submission) Waterway Industries is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as o December 31, 2017 Service revenue (from camping $12,240 $179,520 Dividends fees) 68,000 Sales revenue (from general store) 34,000 Notes payable 171,360 14,960 Expenses during 2017 Accounts payable 7,480 11,560 Supplies Cash 54,400 155,040 Common stock Equipment Retained earnings 6,800 (1/1/2017)