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The question says to calculate net income for 2018 using total equity amounds from the two years. The equity for 2017 is $208,780 and the

The question says to calculate net income for 2018 using total equity amounds from the two years. The equity for 2017 is $208,780 and the equity for 2018 is $314,671. I got all of the numbers correct except for net income, so please help me find the correct number. image text in transcribed
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HP JUVEEL Submit Ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2017 and 2018 of 3 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2017 $ 54,111 29,372 4,633 142,228 55,656 2018 $ 10, 392 23,028 3,394 151,500 64,656 185,533 46,296 38,299 131.829 77,220 2. Compute net income for 2018 by comparing total equity amounts for these two years and using the following information: During 2018, the owner invested $37,000 additional cash in the business (in exchange for common stock) and the company paid $28,800 cash in dividends. Answer is complete but not entirely correct. Computation of 2018 equity increase: Equity, December 31, 2017 208,780 Add: Owner's investment 37,000 Add: Net income 105,891 Orange: Connect - M Ch 2 Homework Assignments: MGT 01... Files Saving Homework eck my work mode : This shows what is correct or incorrect for the work you have completed s art 2 of 3 2. Compute net income for 2018 by comparing total equity amounts for these two years During 2018, the owner invested $37.000 additional cash in the business (in exchange for paid $28,800 cash in dividends. Dints Answer is complete but not entirely correct. Computation of 2018 equity increase: Equity, December 31, 2017 $ 208.780 Add: Owner's investment 37.000 Add: Net income 105,891 351,671 Less: Dividends 28,800 Equity, December 31, 2018 $ 322,871 SC

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