Sunland Company is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017.Service revenue (from camping fees) $163,680Sales revenue (from general store) 31,000Accounts payable 13,640Cash 10,540Equipment 141,360Dividends $11,160Notes payable 62,000Expenses during 2017 156,240Supplies 6,820Common stock 49,600Retained earnings 6,200(1/1/2017) a. Determine Sunland Company's net income for 2017. b. Prepare a retained earnings statement for Sunland Company year ended December 31, 2017.c. Prepare a balance sheet for Sunland Company as of December 31, 2017. (List assets in order of liquidity.)