Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $33,000 additional cash in the business (in exchange for common stock) and the company paid a $36,000 cash dividend. Equity, December 31, 2018
Equity, December 31, 2019
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019.
December 31 2018 2019
Cash $46354 $7612
Accounts receivable 25,162 19,727
Office Supplies 3,969 2,907
Office equipment 121,839 129,781
Trucks 47,676 56,676
Building 0 158,935
Land 0 39,662
Accounts payable 66,150 32,809
Note payable 0 98,597