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Cullumber Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31,

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Cullumber 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) $132,600 Dividends $9,540 Sales revenue (from general store) 23,400 Notes payable 53,000 Accounts payable 11,660 Expenses during 2022 123,140 Cash 9,010 Supplies 5,830 Equipment 120.840 Common stock Retained earnings (1/1/2022) 42,400 5,300 (a Determine Cullumber Lakes Park's net income for 2022. Cullumber Lakes Park's net income for 2022 $

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