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Required information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the followirig assets and liabilties as of

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Required information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the followirig assets and liabilties as of December 31 for Year 1 and Year 2. 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: Duting Year 2. the owner irivested $35,000 additional casti in the business in exchange for common stock, and the compafy pald a 542000 cast dividend 2. Compute net income for Year 2 by comparing totat equity amounts for these two years and using the following inforination: During Year 2. the owner invested $35,000 additional cash in the business in exchange foc common stock, and the company paid a $42.000 cash dividend

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