Question 1 Jot yet wered arked out of 0 Jag tian Loren Satina is the sole owner of Clear View Park, a public camping ground the Medional Recreation Area Loren has compiled the following financial information as of December 31, 2012 Revenues during 2017-camping fees $140,000 Revenues during 2017-general store 65,000 Accounts payable 11,000 Cash on hand 23,000 Original cost of equipment 105,500 Fair value of equipment 140,000 Notes payable 60,000 Expenses during 2017 150,000 Accounts receivable 17,500 (a) Determine Loren Satina's net income from Clear View Park for 2020 (3 marks) (b) Prepare a balance sheet for Clear Vw Park as of December 31, 2020