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, 2016 and 2017 December 31 Cash Accounts receivable office supplies Orice equipment Trucks Building Land Nccounts payable Note payable 2016 2017 $ 45, 400 $ 7,273 24,648 19, 324 3,888 2,848 119,352 127, 133 46,704 55,704 0 155, 692 0 38,850 64,800 32,139 0 94,542 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following information: During 2017, the owner invested $36,000 additional cash in the business (in exchange for common stock) and the company paid $28,800 cash in dividends. $ Equity, December 31, 2016 Add Owner's investment Add Net incomo 175,200 36.000 211,200 (28 800) Less Dividends Equity, December 31, 2017 $ 182,400