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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 $ 45,313 24,597 3,888 119,183 46,607 2019 $ 7,239 19,284 2,842 126,868 55,6e7 155,367 38,769 32,072 94,136 64,665 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 and withdrew $27.600 cash for personal use. Answer is complete but not entirely correct. S 174.835 Equity, December 31, 2018 Add: Owner's investment Add: Net income 36,000 96,533 307,368 307,308 OOO Less: Owner withdrawals Equity, December 31, 2010 (27.600) $ 587.130

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