The following are induded in Ace Auto Parts, Inc.'s December 31, 2016 balance sheet 6 EX03-02 Algo Accounts Receivable $50,000 7. EX03-13 Algo Building 100,000 8 EX04-01 Algo Cash 60,000 Land 130,000 9 EX 04-09 Ago Accounts Payable 40,000 10 EX 05-13 Algo Notes Payable 70.000 Stockholders Equity 11 MC.01-035 Below are the balances for December 31, 2016 12 MC 01-047 Accounts Recelvable #90,000 13 MC 01-051 Building 100,000 Cash 150,000 14 MC.02 08 130.000 Land 15 MC 02-063 Accounts Payable 60,000 50.000 16 MC 02 092 Notes Payable Stockholders Equity 17 EX02-101 Analyze the changes in these balances and determine net income for 2017, assuming that the only change to stockholders equity is from net income 18 MC 03-044 Stockholders Equity for 2016 19 MC 03-048 Stockholders Equity for 2017 Net income 20 MC 03 054 21 MC 03 056