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2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested

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2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $33,000 additional cash in the business (in exchange for common stock) and the company paid a $36,000 cash dividend. Equity, December 31, 2018 Equity, December 31, 2019 The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office Supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 55,530 30,142 4,755 145,958 57, 115 2019 $ 10,900 23,632 3,483 155,473 66, 115 190, 398 47,511 39,303 137,909 79,245

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