Required information The following information applies to the questions displayed below! The accounting records of Nettie Distribution show the following assets and abilities as of December 31, 2016 and 2017 2016 December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2017 $ 64,300 5 15,640 26,248 19.100 3.160 1.960 44,000 145.000 157,000 10.000 60,000 3,500 33,500 . 40.000 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following information During 2017, the owner invested $35.000 additional cash in the business in exchange for common stock) and the company paid $99.000 cash in dividends. Equity, December 31, 2016 Equity, December 31, 2017