Sleep Cheap is a private camping ground near the Boulder Peak Recreation Area. It has compiled the following financial information as of December 31, 2014. 
Instructions
(a) Determine net income from Sleep Cheap for 2014.
(b) Prepare a retained earnings statement and a balance sheet for Sleep Cheap as of December 31, 2014.
Definitions:
Facilitator
A person who makes an action or process easy or easier, often in a group or meeting setting.
Discussion
An interactive and structured conversation where ideas, opinions, or issues are exchanged among participants.
Information Sharing
The exchange of data or information between individuals, teams, departments, or organizations.
Decision-Making Meetings
Meetings specifically convened for the purpose of discussing issues, generating options, and making decisions to resolve a problem.
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