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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 2018 2019 Cash $

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

December 31 2018 2019
Cash $ 52,503 $ 9,816
Accounts receivable 28,499 22,344
Office supplies 4,496 3,293
Office equipment 138,001 146,997
Trucks 54,001 63,001
Building 0 180,018
Land 0 44,921
Accounts payable 74,925 37,161
Note payable 0 124,939

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 $30,000 cash dividend.

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