E1-14 Deer Park, a public camping ground near the Lake Mead National Recreation Area,has compiled the following financial information as of December 31, 2008

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Deer Park, a public camping ground near the Lake Mead National Recreation Area, has compiled the following financial information as of December 31, 2008.

Instructions
(a) Determine Jan Nab’s net income from Deer Park for 2010.
(b) Prepare a balance sheet for Deer Park as of December 31, 2010.