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Accounting

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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2.
December 31 Year 1 Year 2
Cash $ 50,138 $ 8,968
Accounts receivable 27,21621,337
Office supplies 4,2933,144
Office equipment 131,785140,376
Trucks 51,56860,568
Building 0171,910
Land 042,899
Accounts payable 71,55035,487
Note payable 0114,809
2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $33,000 additional cash in the business in exchange for Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $33,000 additional cash in the business in exchange for common stock, and the company paid a $44,400 cash dividend.

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