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Required information (The following information applies to the questions displayed belo The accounting records of Nettle Distribution show the following assets 2019 of December 31,

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Required information (The following information applies to the questions displayed belo The accounting records of Nettle Distribution show the following assets 2019 of December 31, 2018 and December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 51,652 28,037 4,423 135,763 53,125 2019 $ 9,510 21,981 3 ,239 144,613 62,125 73,710 @ 36, 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 $34,000 additional cash in the business and withdrew $32.400 cash for personal use. 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 $34,000 additional cash in the business and withdrew $32,400 cash for personal use. ............. ....................... Is Equity, December 31, 2018 Add: Owner's investment Add: Owner withdrawals 34,000 32400 66.400 Less: Net loss Equity, December 31, 2019 66.400

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