Exercise 1-14 Metlock, Inc., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2019 Revenues during 2019 -camping fees Revenues during 2019 -general store Notes $165,200 payable $70,800 177,000 2,950 23,600 55,460 Expenses during 2019 Accounts payablee 12,980 Supplies on hand Common Cash on hand 23,600 stock 124,490 Retained earnings Original cost of equipment Fair value of equipment 165,200 Determine Metlock, Inc. 's net income for 2019 Metlock, Inc.'s net income SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a balance sheet for Metlock, Inc. as of December 31, 2019. (List Assets in order of liquidity.) Metlock, Inc. Balance Sheet Assets