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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office

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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 51,179 27,780 4,382 134,520 52,639 0 0 73,035 0 2019 $ 9,341 21,780 3,210 143,289 61,639 175, 478 43,788 36,223 119,266 Oo 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 $33,000 additional cash in the business (in exchange for common stock) and the company paid a $37,200 cash dividend. 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 $33,000 additional cash in the business (in exchange for common stock) and the company paid a $37,200 cash dividend. Equity, December 31, 2018 0 $ Equity, December 31, 2019

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