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information as of December 31, 2025. Wildhorse Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following
information as of December 31, 2025. Wildhorse Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial Service revenue (from camping fees) $169,650 Dividends $12,960 Sales revenue (from general store) 25,350 Notes payable 72,000 Accounts payable 15,840 Expenses during 2025 Cash 150,360 12,240 Supplies Equipment 7,920 164,160 Common stock 57,600 Retained earnings (1/1/2025) 7,200 (a) Determine Wildhorse Lakes Park's net income for 2025. Wildhorse Lakes Park's net income / (loss) for 2025
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