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Oriole Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December
Oriole Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $132,800 Dividends $9,900 Sales revenue (from general store) 27,200 Notes payable 55,000 Accounts payable 12,100 Cash Equipment 9,350 Expenses during 2022 Supplies 125,900 6,050 125,400 Common stock 44,000 Retained earnings (1/1/2022) 5,500 Determine Oriole Lakes Park's net income for 2022. Oriole Lakes Park's net income for 2022 $
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