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 common stock, and the company paid a $24,000 cash dividend. Answer is complete but not entirely correct. Equity, December 31, Year 1 Add Owner's investment Add Net income Less Dividends $ 215,715 33,000 248,715 24,000 Equity, December 31, Year 2 $224,715