Question

W Basics:Finci Myt Sec 001 x W Chapter 1.ppt: Basics:Finc Mgtx w Chapter 2.ppuc BasicsFind Mgts x w Ch 1: Homework € w Wiley: Wayne State. a Amazon.com: Texca. w Wiley: Wayne State - Somebody To Love.. >> → C o canvas.wayne.edu/courses/121371/assignments/829126?module_item_id-2103128 Actuary Exam Pinterest Skee Wee Crewnec. Pretty In All Shades... v Old SkoolShop C.. a Amazon.com: Texa.. of Teaching Current Attempt in Progress Echo 360 Recordings Blossumn Lakes Park is a private camping round near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022 Account Service revenue (from camping fees) $155,200 Dividends $13,140 Sales revenue (from general store) 38,800 Notes payable 73.000 Dashboard Accounts payable 16,060 Expenses during 2022 Courses Cash 12,410 Supplies 148,740 8,030 58,400 7.300 Equipment 166,440 Common stock Calendar Retained earnings (1/1/2022) Inici Help Your answer is correct. Determine Blossom Lakes Park's net income for 2022. Blossom Lakes Park's net income for 2022 $ 15.250 e Textbook and Media List of Accounts I 8:16 AM Type here to search OBE

Answer 1

BLOSSOM LAKESPARK
BALANCE SHEET
FOR THE YEAR ENDED December 31,2022
ASSETS
Equipment		$         166,440.00
Supplies		$             8,030.00
Cash		$           12,410.00
TOTAL ASSETS		$       186,880.00
LIABILITIES
Common stock	$ 58,400.00
Retained earnings	$ 39,420.00
TOTAL SHAREHOLDERS FUNDS		$           97,820.00
Notes payable		$           73,000.00
Accounts payable		$           16,060.00
TOTAL LIABILITIES		$       186,880.00

I hope that you are satisfied with the answer, If yes please hit the like button, if not please post your comments or qeries in the comments section below.

Thanking You in Advance