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 Mobilities as of December 31, 2016 and 2017 December 31 2016 2017 Cash $ 64,300 $ 15,640 Accounts receivable 26,240 19, 100 office supplies 3, 160 1,960 office equipment 44,000 44,000 Trucks 148,000 157,000 Building 80.000 Land 60,000 Accounts payable 3,500 33,500 Note payable 40,000 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following information: During 2017, the owner invested $35,000 additional cash in the business (in exchange for common stock) and the company paid $19,000 cash in dividends. Equity, December 31, 2016 Equity, December 31, 2017