Question 1 Crane 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) $130,000 Dividends $7,200 Sales revenues (from general store) 26,000 Notes payable 64,000 Accounts payable 12,800 Administrative expenses 138,800 Cash 14,200 Supplies 3,100 Equipment 109,000 Common stock 34,000 Retained earnings (1/1/2022) 5,500 (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Determine net income for Crane for 2022. Net Income 17200 Click if you would like to Show Work for this question: Open Show Work Att (61) Prepare a retained earnings statement as of December 31, 2022. (List items that increase retained earnings first.) CRANE Retained Earnings Statement > Click if you would litochou for this auction. non Show Work