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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, 2016 and 2017. 2016 2017 December 31 Cash Accounts receivable Office supplies4,666 3,417 office equipment 143,222 152,559 Trucks Building Land Accounts payable 77,760 38,567 Note payable 54,490 $10,528 29,578 23,189 56,044 65,844 0 186,830 0 46,622 0 133,452 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following informat During 2017, the owner invested $33,000 additional cash in the business (in exchange for common stock) and the company paid $39,600 cash in dividends. 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, 2016 and 2017. 2016 2017 December 31 Cash Accounts receivable Office supplies4,666 3,417 office equipment 143,222 152,559 Trucks Building Land Accounts payable 77,760 38,567 Note payable 54,490 $10,528 29,578 23,189 56,044 65,844 0 186,830 0 46,622 0 133,452 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following informat During 2017, the owner invested $33,000 additional cash in the business (in exchange for common stock) and the company paid $39,600 cash in dividends

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