[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, 2018 and 2019. December 31 Cash Accounts receivable Office supplies 2018 2019 $ 44,273 6,866 24,032 18,841 3,791 2,777 Office equipment Trucks Building 116,368 123,954 45,536 54,536 B 151,799 Land 0 37,880 Accounts payable Note payable 63,180 31,336 B 89,679 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following Information: During 2019, the owner Invested $32,000 additional cash in the business (in exchange for common stock) and the company paid a $37,200 cash dividend. Equity, December 31, 2018 Add: Owner's investment Add: Net income Less: Dividends 170,820 32,000 202,820 37.200 Equity, December 31, 2019 $ 165,620 Prev of 10 Next >