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Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3
Required information 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 $52,881 2019 $ 9,951 28,705 22,505 office supplies 4,528 3,316 Office equipment 138,995 148,056 Trucks 54,391 63,391 Building 181,316 Land @ 45,245 Accounts payable 75,465 37,429 Note payable e 126,561 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
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