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Using the information provided, determine the amount of cash Ted Herbick, the owner of Herbick Enterprises, LLC, took in the form of distributions from his

Using the information provided, determine the amount of cash Ted Herbick, the owner of Herbick Enterprises, LLC, took in the form of distributions from his company in 2019.

Net income for 2019: $258,500

Owners equity as of December 31, 2018: $352,400

Owners equity as of December 31, 2019: $445,000

Equity investment during 2019: $100,000

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