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, 2018 and 2019.

December 31	2018			2019
Cash	$	49,570		$	8,765
Accounts receivable		26,907			21,096
Office supplies		4,244			3,109
Office equipment		130,293			138,786
Trucks		50,986			59,986
Building		0			169,963
Land		0			42,411
Accounts payable		70,740			35,085
Note payable		0			112,374

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 $32,000 additional cash in the business (in exchange for common stock) and the company paid a $33,600 cash dividend.