The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Year 1 Year 2 Cash $ 54,017 $ 10,358 Accounts receivable 29,321 22,988 Office supplies 4,625 3,388 Office equipment 141,979 151,235 Trucks 55,558 64,558 Building 0 185,208 Land 0 46,216 Accounts payable 77,085 38,232 Note payable 0 131,424 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $32,000 additional cash in the business and withdrew $43,200 cash for personal use.