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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, 2018 and 2019. December 31 2018 2019 Cash $ 43,232 56,493 Accounts receivable 23,467 18,398 Office Supplies 3,702 2,711 Office equipment 113,633 121,841 Trucks 44.456 53,466 Building 148,231 Land 36,990 Accounts payable 61,695 30.599 Note payable e 85,221 e e 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 in exchange for common stock) and the company paid a $25,200 cash dividend Equity, December 31, 2018 Equity, December 31, 2019 DO Next > 4

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