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.)

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76