Flint Hills Park is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2014.

Flint Hills Park is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2014. Service revenue (from camping fees) $143,510 Dividends $9,784 Sales revenue (from general store) 27,180 Notes payable 54,360 Accounts payable 11,959 Expenses during 2014 136,987 Cash 9,241 Supplies 5,980 Equipment 123,941 Common stock 43,488 Retained earnings (1/1/2014) 5,436

Your answer is correct.     Determine Flint Hills Park’s net income for 2014.

Prepare a retained earnings statement for Flint Hills Park year ended December 31, 2014. (List items that increase retained earnings first.)

Prepare a balance sheet for Flint Hills Park as of December 31, 2014. (List assets in order of liquidity.)