Question: Ches 5 Part 2 of 3 Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio Lo C2,

 Ches 5 Part 2 of 3 Problem 2-5A Computing net income

Ches 5 Part 2 of 3 Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio Lo C2, A1, A2, P3 [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 $ 44,746 $ 7,836 Accounts receivable 24,209 19,042 Office supplies 2,896 Office equipment 125,278 Building 153,421 Land 38,285 Accounts payable lote payable 2019 Cash 4.16 points 3,831 117,611 46,023 Trucks 55,023 eBook 63,855 31,670 91,706 PE Problem 2-5A Part 2 References 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $36,000 additional cash in the business and withdrew $31.200 cash for personal use. Equity, December 31, 2018 0 $ Eosity, December 31, 2019 0

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