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What is deer track park net income

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Question - Deer Track Park is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2012.

Revenues during 2012: camping fees

$132,000

Dividends

$9,000

Revenues during 2012: general store

25,000

Notes payable

50,000

Accounts payable

11,000

Expenses during 2012

126,000

Cash

8,500

Supplies

5,500

Equipment

114,000

Common stock

40,000



Retained earnings (1/1/2012)

5,000

What is Deer Track Park's net income for 2012?

Reference no: EM131824455

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