PLEASE EXPLAIN MATH

PLEASE EXPLAIN MATH

! Required information [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 $ 45,976 24,956 3,937 120, 844 47,287 0 0 65,610 0 2019 $ 7,476 19,566 2,883 128,722 56,287 157,638 39,337 32,541 96, 975 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 $37,000 additional cash in the business and withdrew $48,000 cash for personal use. Equity, December 31, 2018 Add: Owner's investment 37,000 Add: Net income 37,000 Less: Owner withdrawals 48,000 (11,000) Equity, December 31, 2019 $