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The accounting records of Nettle Distribution show the following assets and liabilities as of December $31$ for Year $1$ and Year $2.$

December $31$ Year $1$ Year $2$

Cash $ $50,138$ $ $8,968$

Accounts receivable $27,21621,337$

Office supplies $4,2933,144$

Office equipment $131,785140,376$

Trucks $51,56860,568$

Building $0171,910$

Land $042,899$

Accounts payable $71,55035,487$

Note payable $0114,809$

$2.$ 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 $$33,000$ additional cash in the business in exchange for Compute net income for Year $2$ by comparing total equity amounts for these two years and using the following information: During Year $2,$ the owner invested $$33,000$ additional cash in the business in exchange for common stock, and the company paid a $$44,400$ cash dividend.