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

Current Attempt in Progress

Your answer is partially correct.

Nancy Jackson is the sole owner of Blossom Vista Park, a public camping ground near the Crater Lake National Recreation Area. Nancy has compiled the following financial information as of December 31, 2022.

Revenues during 2022camping fees $198,268 Fair value of equipment $198,268Revenues during 2022general store 92,053 Notes payable 84,972Accounts payable 15,578 Expenses during 2022 212,430Cash on hand 32,573 Accounts receivable 24,783Original cost of equipment 149,409

(a) Determine Nancy Jacksons net income from Blossom Vista Park for 2022.

Net income $enter the net income in dollars

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