Required information of 3 [The following information applies to the questions displayed below.] ok The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Year 1 $ 43,421 23,570 3,718 Year 2 $ 6,561 18,479 2,723 Office equipment 114,130 121,570 ent Trucks 44,661 53,661 Building 0 148,880 ences Land 0 37,151 Accounts payable Note payable 61,965 30,733 0 86,031 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $35,000 additional cash in the business in exchange for common stock, and the company paid a $39,600 cash dividend. Equity, December 31, Year 1