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136,509 53,418 ACES office supplies Office equipment Trucks Building Land Accounts payable Note payable 145,408 62,418 178,872 44,436 36,759 122,508 74,115 2. Compute net income

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136,509 53,418 ACES office supplies Office equipment Trucks Building Land Accounts payable Note payable 145,408 62,418 178,872 44,436 36,759 122,508 74,115 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the 2019, the owner invested $35,000 additional cash in the business and withdrew $28,800 cash for pe $ 200,385 35,000 Equity, December 31, 2018 Add Owner's investment Add: Net income 235,385 28,800 Less Owner withdrawals S 206,585 Equity, December 31, 2019 136,509 53,418 ACES office supplies Office equipment Trucks Building Land Accounts payable Note payable 145,408 62,418 178,872 44,436 36,759 122,508 74,115 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the 2019, the owner invested $35,000 additional cash in the business and withdrew $28,800 cash for pe $ 200,385 35,000 Equity, December 31, 2018 Add Owner's investment Add: Net income 235,385 28,800 Less Owner withdrawals S 206,585 Equity, December 31, 2019

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