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Blossom Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31,
Blossom 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) $155,200 Dividends $13,140 Sales revenue (from general store) 73,000 38,800 Notes payable 16,060 Expenses during 2022 Accounts payable 148,740 Cash 8,030 Equipment 12,410 Supplies 166,440 Common stock Retained earnings (1/1/2022 58,400 Your answer is correct. Determine Blossom Lakes Park's net income for 202 Blossom Lakes Park's net income for 2022 $ eTextbook and Media (61) Prepare a retained earnings statement for Blossom Lakes Park year ended December 31, 2022. (List Items that increase retained earnings first) BLOSSOM LAKES PARK Retained Earnings Statement
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