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Chapter 2 Problems * Saved Required information [The following information applies to the questions displayed below.) Part 2 of 3 The accounting records of Nettle
Chapter 2 Problems * Saved Required information [The following information applies to the questions displayed below.) Part 2 of 3 The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. 2.5 points December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,287 26,753 4,220 129,547 50,693 2019 $ 8,663 20,975 3,091 137,992 59,693 168,990 42,170 34,884 111,160 eBook 70,335 0 Print 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 $34,000 additional cash in the business in exchange for common stock) and the company paid a $48,000 cash dividend. Equity, December 31, 2018 Equity, December 31, 2019
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