Fill out the balance sheet

Betty Harris is the sole owner of Cullumber Vista Park, a public camping ground near the Crater Lake National Recreation Area. Betty has compiled the following financial information as of December 31, 2020. Revenues during 2020-camping fees $166,950 Fair value of equipment $166,950 Revenues during 2020-general store 77,512 Notes payable 71,550 Accounts payable 13,117 Expenses during 2020 178,875 Cash on hand 27,427 Accounts receivable 20,869 Original cost of equipment 125,809 (a) Determine Betty Harris's net income from Cullumber Vista Park for 2020. Net income (b) Prepare a balance sheet for Cullumber Vista Park as of December 31, 2020. (List Assets in order of liquidity.) CULLUMBER VISTA PARK Balance Sheet Assets Liabilities and Owner's Equity