Required information

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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 $2.$

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 $$37,000$ additional cash in the business in exchange for common stock, and the company paid a $$46,800$

cash dividend.