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. December 31 Cash Accounts receivable 2018 $ 44,935 2019 $ 7,103 19,123 24,391 3,848 Office supplies 2,818 Office equipment 118,109 125,808 Trucks 46,217 55,217 Building 0 154,070 Land 0 38,447 Accounts payable 64,125 31,804 Note payable 0 92,517 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 $27,600 cash for personal use. Equity, December 31, 2018 Add: Owner's investment Add: Net income 0 Less: Owner withdrawals Equity, December 31, 2019 $ 0