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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 2 December 31 2018 2019

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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 2 December 31 2018 2019 Cash $ 49,760 $ 8,832 Accounts receivable 27,018 21,176 Office supplies 4,261 3,121 Office equipment 130, 790 139,316 Trucks 51,17960,179 Building 170,612 Land @ 42,575 Accounts payable 71,018 35,219 Note payable 113, 187 points 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 $34.000 additional cash in the business in exchange for common stock) and the company paid a $25.200 cash dividend Equity, December 31, 2018 A Owner's wivestment Notice receivable Office supplies 4,261 Office equipment 130, 790 Trucks 51,179 Building Land Accounts payable 71,019 Note payable 3,121 139, 316 60,179 170,612 42,575 35,219 113, 187 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator: Choose Numerator: Debt Ratio Debt ratio

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