Question: 27. Current Attempt in Progress Your answer is partially correct. Mary Smith is the sole owner of Blossom Vista Park, a public camping ground

27. Current Attempt in Progress Your answer is partially correct. Mary Smithis the sole owner of Blossom Vista Park, a public camping ground

27. Current Attempt in Progress Your answer is partially correct. Mary Smith is the sole owner of Blossom Vista Park, a public camping ground near the Crater Lake National Recr compiled the following financial information as of December 31, 2022. Revenues during 2022-camping fees $154,000 Fair value of equipment $154,000 Revenues during 2022-general store 71,500 Notes payable 66,000 Accounts payable 12,100 Expenses during 2022 165,000 Cash on hand 25,300 Accounts receivable 19,250 Original cost of equipment 116,050 (a) Determine Mary Smith's net income from Blossom Vista Park for 2022. Net income $ (b) 60500 Prepare a balance sheet for Blossom Vista Park as of December 31, 2022. (List Assets in order of liquidity.) MacBook Pro

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