Exercise 1-10 Sheridan Company 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 $147,840 Dividends fees) Sales revenue (from general store)28,000 Accounts payable Cash Equipment $10,080 56,000 141,120 6,160 44,800 5,600 Notes payable Expenses during 2017 12,320 9,520 Supplies 127,680 Common stock Retained earnings (1/1/2017) Determine Sheridan Company's net income for 2017 Sheridan Company's net income for 2017 SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for Sheridan Company year ended December 31, 2017. (List items that increase retained earnings first.) Sheridan Company Retained Earnings Statement A. Show AllX Prepare a retained earnings statement for Sheridan Company year ended December 31, 2017. (List items that increase retained earnings first.) Sheridan Company Retained Earnings Statement SHOW LIST OF ACCOUNTS Prepare a balance sheet for Sheridan Company as of December 31, 2017. (List assets in order of liquidity. Sheridan Company Balance Sheet Assets A. Balance Sheet Assets Liabilities and Stockholders' Equity A. Show All