[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 Accounts receivable Office supplies Office equipment Year 1 $ 54,395 29,526 4,658 Year 2 $ 10,494 23,149 3,411 152,294 Trucks Building Land Accounts payable Note payable 142,974 55,947 64,947 0 186,505 0 46,541 77,625 38,500 0 133,046 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 $39,600 cash for personal use. Equity, December 31, Year 1 Add Net income Add Owner's investment Less Owner withdrawals 32,000 32,000 30,600 Equity, December 31, Year 2 $ (7,600)