[The following information applies to the questions displayed below.] 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 Year 2 $ 15,640 19,100 1,960 Year 1 $ 64,300 Accounts receivable 26,240 Office supplies 3,160 Office equipment 44,000 44,000 Trucks 148,000 157,000 Building 80,000 Land 60,000 Accounts payable Note payable 3,500 33,500 40,000 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 $35,000 additional cash in the business in exchange for common stock, and the company paid a $19,000 cash dividend. > Answer is not complete. Equity, December 31, Year 1 Add: Owner's investment Add: Net income Less: Dividends 35,000 35,000 19,000