Question 2 Sunland Company is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $163,680 Dividends $11,160 62,000 Sales revenue (from general store 31,000 Notes payable 156,240 13,640 Expenses during 2017 Accounts payable Cash 10,540 Supplies 6,820 141,360 Common stock Equipment 49,600 Retained earnings (1/1/2017) 6,200 Determine Sunland Company's net income for 2017 Sunland Company's net income for 2017 LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a retained earnings statement for Sunland Company year ended December 31, 2017. (List items that increase retained earnings first.) Sunland Company Retained Earnings Statement LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a balance sheet for Sunland Company as of December 31, 2017. (List assets in order of liquidity.) Sunland Company Balance Sheet Assets Liabilities and Stockholders' Equity