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Required: 1. Prepare balance sheets for the business as of December 31, 2014 and 2015. (Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.) Liabilities Accounts payable __ __ _ m__ NETTLE DISTRIBUTION Balance Sheet December 31, 2015 Assets Liabilities Cash Accounts payable Accounts receivable Note payable Office equipment Office supplies Trucks Total liabilities Land Equity Building Total equity Total assets Total liabilities and equity13. Required inforr 2. By comparing equity amounts from the balance sheets and using the additional information presented in this problem, prepare a calculation to show how much net income was earned by the business during 2015. Equity, December 31, 2014 Add: Stock issuances Add Net Income Less: Dividends V Equity, December 31, 2015