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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 31,

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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 31, 2022. $156,400 Dividends $11,880 Service revenue (from camping fees) Sales revenue (from general store) Accounts payable 27,600 66,000 Notes payable Expenses during 2022 14,520 143,080 Cash 11,220 Supplies 7.260 Equipment 150,480 Common stock 52,800 Retained earnings (1/1/2022) 6,600 Determine Oriole Lakes Park's net income for 2022. Oriole Lakes Park's net income for 2022 $ Prepare a retained earnings statement for Oriole Lakes Park year ended December 31, 2022. (Lis earnings first.) ORIOLE LAKES PARK Retained Earnings Statement $

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