contestada

Andrew Tym is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Andrew has compiled the following financial information as of December 31, 2014. Revenues during 2014–camping fees $140,000, Fair value of equipment $140,000, Revenues during 2014–general store $65,000, Notes payable $60,000, Accounts payable $11,000, Expenses during 2014 $150,000, Cash on hand $23,000, Accounts receivable $17,500, Original cost of equipment $105,500. Determine Andrew Tym's net income from Deer Park for 2014.