Question: Part 2 of 3 Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2,
Part 2 of 3 Required information 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 2 2018 $49,760 27.010 $ 2019 0.032 21,176 hecounts receivable ottice equipment 130,790 139,316 51.17960.179 Accounts payable Note payable 71,010 0 35,219 113,187 Problem 2-5A Part 2 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the folowing information: During 2019, the owner invested $33,000 additional cash in the business and withdrew $40,800 cash for personal use. Equity, December 31, 2016 Equity, December 31, 2019
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