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Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022
Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022 Revenues during 2022-camping fees $145,600 Notes payable $62,400 Revenues during 2022-general store 48,880 Expenses during 2022 156,000 Accounts payable 11,440 Supplies on hand 2,600 Cash on hand 20,800 Common stock 20,800 Original cost of equipment 109,720 Retained earnings i Fair value of equipment 145,600 Prepare a balance sheet for Swifty Park as of December 31, 2022. (List Assets in order of liquidity.) Swifty Park Balance Sheet Assets $ $ Liabilities and Stockholders' Equity
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