Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista 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) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine Carla Vista Lakes Park's net income for 2022 Carla Vista Lakes Park's net income for 2022 $ 43400 e Textbook and Media Prepare a retained earnings statement for Carla Vista Lakes Park year ended December 3 CARLA VISTA LAKES PARK Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 7.000 Add : Net Income /(Loss) 43.400 50,400 Less : Dividends 12,600 Retained Earnings, December 31 37.800 e Textbook and Media Prepare a balance sheet for Carla Vista Lakes Park as of December 31, 2022. (List assets in order of liquidity.) CARLA VISTA LAKES PARK Balance Sheet For the Year Ended December 31, 2022 Assets Cash 11.900 Supplies 7,700 Equipment 159.600 Total Assets $ 179.200 Liabilities and Stockholders' Equity Current Assets Accounts Payable | $ 15.400 Notes Payable 70,000 Total Liabilities $ 85,400 Stockholders' Equity Common Stock 56,000 Retained Earnings 7.000 Total Stockholders' Equity 63.000 Total Liabilities and Stockholders' Equity : 242.200