Question: I need help with part b: making a balance sheet with the given information BegiD TULLILULUS Add: Net income Less: Dividends Ending retained earnings $12.000

I need help with part b: making a balance sheet with the given information

BegiD TULLILULUS Add: Net income Less: Dividends Ending retained earnings $12.000 (e) 2000 5,000 $27,000 Instructions Calculate the missing amounts. prepare Otay Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $132,000 Dividends $ 9,000 Sales revenue (from general store) 25,000 Notes payable 50,000 Accounts payable 11,000 Expenses during 2017 126,000 Cash 8,500 Supplies 5,500 Equipment 114,000 Common stock 40,000 TOTO Retained earnings (1/1/2017) 5,000 Instructions (a) Determine Otay Lakes Park's net income for 2017. (b) Prepare a retained earnings statement and a balance sheet for Otay Lakes Park as of December 31, 2017

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