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how can i find net income? (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets

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(The following information applies to the questions displayed below.) 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 $ 56,098 30,451 4,803 147,449 57,699 0 0 80,055 0 2019 $ 11,104 23,873 3,518 157,062 66,699 192,344 47,997 39,705 140,341 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 and withdrew $31,200 cash for personal use. $ Equity, December 31, 2018 Add: Owner's Investment Add: Net income 216,445 33,000 467,690 Loss: Owner withdrawals 31,200 $ Equity, December 31, 2019 436,490

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