ollowing assets and liabilities as of Decembe December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2016 2017 $ 48,530 $ 8,392 26,343 20,653 4,155 3,044 127,557 135,873 49,915 58,915 166,395 0 41,521 69,255 34,349 0 107,916 0 Problem 2-5A Part 2 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following 2017, the owner invested $36,000 additional cash in the business (in exchange for common stock) and the company paid $32,400 cash in dividends. Equity, December 31, 2016 Equity, December 31, 2017