National Recreation Area. J? Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010.

Revenues during 2010—camping fees $140,000
Market value of equipment $140,000
Revenues during 2010—general store 50,000
Notes payable 60,000
Accounts payable 11,000
Expenses during 2010 150,000
Cash on hand 23,000
Supplies on hand 2,500
Original cost of equipment 105,500


Jan Nab began business on January 1, 2010, with an investment of $20,000.

Instructions

(a) Determine Jan Nab's net income from Deer Park for 2010.

$ _________

(b) Complete the balance sheet for Deer Park as of December 31, 2010. (List assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2.)

Deer PARK
Balance Sheet
For the year ended December 31, 2010 or December 31, 2010 choose one
Assets

Equipment/Accounts payableJ/an Nab,Capital/Camping revenues/Cash/Notes payable/Store revenues/Expenses/Supplies -Choose one $ _________
Notes payable/Equipment/Accounts payable/Cash/Camping revenues/Jan Nab,Capital/Store revenues/Expenses/Supplies -CHoose one $ ___________
Accounts payable/Store revenues/Camping revenues/Equipment/Expenses/CashJ/an Nab,Capital/Supplies/Notes payable - choose one $ ____________

Total assets $ ___________


Liabilities and Owner's Equity

Liabilities
Expenses/Notes payable/Cash/Supplies/Equipment/Accounts payable/Jan Nab,Capital/Camping revenues/Store revenues- choose one $ __________
Jan Nab,Capital/Notes payable/Cash/Supplies/Accounts payable/Expenses/Store revenues/Equipment/Camping revenues - choose one $ ____________

Total Liabilities
Owner's equity
Expenses/Store revenues/Jan Nab,Capital/Camping revenues/Cash/Notes payable/Supplies/Equipment/Accounts payable - choose one $ _____________

Total liabilities and owner's equity $ ___________
accounting help please!!