below.j The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Year 1 Year 2 $ 46,354 $ 7,612 Accounts receivable Office supplies 25,162 3,969 19,727 2,907 Office equipment 121,839 129,781 Trucks 47,676 56,676 Building 0 158,935 Land 39,662 Accounts payable Note payable 66,150 32,809 0 98,597 Required: 1. Prepare balance sheets for the business as of December 31 for Year 1 and for Year 2. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.