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uestion 8 of 11 iew Policies Current Attempt in Progress Betty Harris is the sole...

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Accounting

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uestion 8 of 11 iew Policies Current Attempt in Progress Betty Harris is the sole owner of Cullumber Vista Park, a public camping ground near the Crater Lake National Recreation Area. Betty has compiled the following financial information as of December 31, 2022. $166,950 $166,950 Fair value of equipment 71.550 77,512 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable Cash on hand Notes payable Expenses during 2022 178,875 13,117 20,869 27.427 Accounts receivable 125,809 Original cost of equipment (a) Determine Betty Harris's net income from Cullumber Vista Park for 2022. Net income (b) Prepare a balance sheet for Cullumber Vista Park as of December 31, 2022. (List Assets in order of liquidity) Question 8 of 11 CULLUMBER VISTA PARK Balance Sheet Assets $ Liabilities and Owner's Equity $ Tabaala Media lip

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