The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017. December 31
2018 2019
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 . . . . . . . . . . . . . . . . . . . . . 0 80,000
Land . . . . . . . . . . . . . . . . . . . . . . . . 0 60,000
Accounts payable . . . . . . . . . . . . . 3,500 33,500
Note payable . . . . . . . . . . . . . . . . . 0 40,000

Required:
Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $35,000 additional cash in the business (in exchange for common stock) and the company paid a $19,000 cash dividend.