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Oriole is a private camping ground near the Boulder Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Services
Oriole is a private camping ground near the Boulder Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Services revenues (from camping fees) $131,500 Dividends $7,800 Sales revenues (from general store) 26,000 Notes payable 57,000 Accounts payable 13,800 Administrative expenses 134,100 Cash 14.900 Supplies 3,000 Equipment 108,500 Common stock 34,000 Retained earnings (1/1/2022) 6.000 (a) X Your answer is incorrect. Determine net income for Oriole for 2022. Net Income $ (181,600)
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