$(1)$

Required information

$2.$ 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 $$36,000$ additional cash in the business in exchange for common stock, and the company paid a $$27,600$ cash dividend.

$\backslash$table$[[$Compute Net Income$],[$Equity$,$ December $31,$ Year $1,-],[,],[,],[,],[,],[,],[$Equity$,$ December $31,$ Year $2,]]$