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 Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable Year 1 $ 51,935 28, 191 4,447 136,509 53,418 0 0 74,115 0 Year 2 $ 9,612 22,102 3,257 145,408 62,418 178,072 44,436 36,759 122,508 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 $34,000 additional cash in the business in exchange for common stock, and the company paid a $46,800 cash dividend.