The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2 December 31 Cash Accounts receivable Year 1 Year 2 $ 46,732 $7,748 office supplies 25,367 4,001 19,888 2,931 office equipment 122,833 130,841 Trucks 48,067 57,067 Building 160,233 Land 39,982 Accounts payable 66,690 33,077 Note payable 100,215 Problem 2-5A (Algo) Part 2 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 $37,000 additional cash in the business and withdrew $25,200 cash for personal use.