# Required information [The following information applies to the questions displayed below.] The accounting records of Nettle...

###### Question:

Required information

[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, 2018 and 2019.

 December 31 2018 2019 Cash $51,084$ 9,307 Accounts receivable 27,729 21,740 Office supplies 4,374 3,204 Office equipment 134,271 143,024 Trucks 52,542 61,542 Building 0 175,153 Land 0 43,707 Accounts payable 72,900 36,156 Note payable 0 118,860

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $37,000 additional cash in the business and withdrew$36,000 cash for personal use.

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