-/1 Question 13 View Policies Current Attempt in Progress Novak Corp., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020-camping fees $207,200 Notes payable $88,800 Revenues during 2020-general store 69,560 Expenses during 2020 222,000 16,280 Supplies on hand 3,700 29,600 Common stock 29,600 Accounts payable Cash on hand Original cost of equipment Fair value of equipment Retained earnings 156,140 207,200 Determine Novak Corp.'s net income for 2020. Novak Corp.'s net income $ Assistance Used e Textbook and Media et Account Determine Novak Corp.'s net income for 2020. Novak Corp.'s net income $ eTextbook and Media Assistance Used List of Accounts Assistance Used Prepare a balance sheet for Novak Corp. as of December 31, 2020. (List Assets in order of liquidity.) Novak Corp. Balance Sheet Assets Liabilities and Stockholders' Equity eTextbook and Media