The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2014 2015 $ 51,462 $ 9,443 27,934 21,901 4,406 3,227 135,266 144,083 52,932 61,932 0 176,450 0 44,031 73,440 36,424 0 120,481 Late in December 2015, the business purchased a small office building and land for $220,481. It paid $100,000 cash toward the purchase and a $120,481 note payable was signed for the balance. Mr. Nettle had to invest $33,000 cash in the business to enable it to pay the $100,000 cash. Mr. Nettle withdraws $2,300 cash per month for personal use