Part 2 of 3 20 points Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 [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 2018 2019 $64,300 $ 15,640 26,240 19,100 1 office supplies 3,160 1,960. office equipment 44,000 44,000) Trucks 148,000 157,000 eBook Building 0 80,000 Land 0 60,000 References Accounts payable 3,500 Note payable 0 33,500 40,000. Mc Graw Problem 2-5A Part 2 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 $35,000 additional cash in the business (in exchange for common stock) and the company paid a $19,000 cash dividend. Equity, December 31, 2018 $ 282,200 Add: Net income Add: Owner's investment 282,200 Less: Net loss Less Owner's investment Equity, December 31, 2019 $ 282,200