write my assignment 2946

Park A is a private camping ground. It has compiled the following financial information as of December 31, 2017.

Service revenue (from camping fees)$132,000

Dividends$ 9,000

Sales revenue (from general store)25,000

Notes payable 50,000

Accounts payable 11,000

Expenses during 2017 126,000

Cash 8,500

Supplies 5,500

Equipment 114,000

Common stock 40,000 

Retained earnings (1/1/2017) 5,000

1) determine net income for 2017

2) show

income statementSales revenue (from general store)Service revenue (from camping fees) 25000132000 total revenue 157000 Expenses during 2017 126000 net income 31000 retained earningsRetained…