Question: Loren Satina is the sole owner of Clear View Park

Loren Satina is the sole owner of Clear View Park, a public camping ground near the Lake Mead National Recreation Area. Loren has compiled the following financial information as of December 31, 2017.


Instructions
(a) Determine Loren Satina’s net income from Clear View Park for 2017.
(b) Prepare a balance sheet for Clear View Park as of December 31,2017.


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  • CreatedMarch 02, 2015
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