Exercise 1-12 (Part Level Submission) Sea Surf Campground, Inc. is a public camping ground in ocean National Park. It has the following financial informatio Camping revenue ,100 Accounts payable 5,530 Bank loan payable 50,220 Cash 7,590 Equipment 119,110 Income tax expense 10,030 Dividends 12,370 operating expenses 134,740 Supplies 2,590 Common shares, Jan. 1 30,490 Common shares issued during year 13,750 Retained earnings, Jan. 1 18,340 (a) x Your answer is incorrect. Try again Determine profit for the year. Profit for the year 33360 click if you would like to show work for this question open blank Show Work copy show work from Previous attempt