Exercise 1-13 (Part Level Submission) financial information as at December 31, 2018 Camping revenue Cash Equipment Accounts payable Bank loan payable Income tax expense Dividends declared Operating expenses Supplies Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 $290,000 21,000 128,000 12,000 60,000 10,000 12,000 240,000 2,500 32,500 14,000 5,000 (a) Your answer is correct. etermine net income for the year Net income for the yearS 40000