! 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 for Year 1 and Year 2. December 31 Cash Year 1 Year 2 $ 46,827 Accounts receivable Office supplies 25,418 4,010 $ 7,781 19,928 Office equipment 123,082 2,937 131,105 Trucks 48,163 57,163 Building 0 160,557 Land 0 40,066 Accounts payable Note payable 66,825 0 33,143 100,623 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 $36,000 additional cash in the business in exchange for common stock, and the company paid a $45,600 cash dividend. Equity, December 31, Year 1 0 Equity, December 31, Year 2 0