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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

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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, 2016 an 2016 2017 December 31 Cash 44,84e S 7,e7e Accounts receivable 24,340 19,083 office supplies 3,839 2,812 125,543 55,121 153,746 Office equipment 117,860 Trucks 46,121 Building Land 38,364 Accounts payable 63,990 31,737 92,11e Note payable 2. Compute net income for 2017 by comparing total equty amounts for these two years and using the following informat 2017, the owner Invested $32.000 additional cash in the business (in exchange for common stock) and the company paid $38.400 cash in dividends. ces Equity. December 31, 2016 Equity, December 31, 2017

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