Exercise 1-14 a-b (Part Level Submission) Sunland Company, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020-camping fees Revenues during 2020-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $173,600 Notes payable 58,280 Expenses during 2020 13,640 Supplies on hand 24,800 Common stock 130,820 Retained earnings 173,600 $74,400 186,000 3,100 24,800 (a) Determine Sunland Company's net income for 2020. Sunland Company's net income S