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.)