Vaughn Manufacturing 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) Sales revenue (from general store) Accounts payable Cash Equipment (a) $139,920 26,500 11,660 9,010 120,840 Dividends Vaughn Manufacturing Park's net income for 2022 Notes payable Expenses during 2022 Supplies Common stock Retained earnings (1/1/2022) Determine Vaughn Manufacturing Park's net income for 2022. $9,540 53,000 133,560 5,830 42,400 5,300