Question: Problem 2-5 Algorithmic i Saved 2 Required information Part 2 of 3 Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and

Problem 2-5 Algorithmic i Saved 2 Required
Problem 2-5 Algorithmic i Saved 2 Required information 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.} 33.33 points The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 2019 Cash $ 46, 732 $ 7, 748 Accounts receivable 15, 367 19, 888 Book Office supplies 4, 001 2,931 Office equipment 122, 833 130, 841 Trucks 48, 067 57, 067 Print Building 160, 233 Land 39, 982 Accounts payable 66, 690 33, 077 Note payable 100, 215 References Problem 2-5A Part 2 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 $33,000 additional cash in the business and withdrew $43.200 cash for personal use. Equity, December 31, 2018 $ 180,310 Add: Owner's investment 3,000 Add: Net income 213,310 Less: Owner withdrawals 43,200 Equity, December 31, 2019 $ 170,110 Fraw ducation

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