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Required Information [The following information applies to the questions displayed belowj The accounting records of Nettle Distribution show the following assets and liabilities as of

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Required Information [The following information applies to the questions displayed belowj The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019, December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 45,313 24,592 3,880 119,103 46,607 2019 $ 7,239 19,284 2,842 126,868 55,607 155,367 38,769 32,072 94,135 64,665 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following Information: During 2019, the owner Invested $36,000 additional cash in the business and withdrew $27.600 cash for personal use. Equity, December 31, 2018 0 Equity, December 31, 2010 S 0

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