Cullumber is a private camping ground near the Boulder Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Services revenues (from camping fees) $130,500 Dividends $7,100
Sales revenues (from general store) 33,000 Notes payable 62,000
Accounts payable 12,400 Administrative expenses 141,400
Cash 14,300 Supplies 2,500
Equipment 109,000 Common stock 32,000
Retained earnings (1/1/2022) 4,400

Required:
Determine Cullumber Lakes Park’s net income for 2022.