Please fill out both balance sheets

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 for Year 1 and Year 2 December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable Year 1 $ 50, 611 27,472 4,334 133,028 52,055 Year 2 $ 9, 138 21,538 3, 174 141,700 61,055 173,531 43, 303 35, 822 116,834 0 72,225 0 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 Complete this question by entering your answers in the tabs below. Balance Sheet Balance Sheet Year 1 Year 2 Balance Sheet Balance Sheet Year 1 Year 2 Prepare the balance sheet for the business as of December 31 for Year 1. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. NETTLE DISTRIBUTION Balance Sheet December 31, Year 1 Assets Liabilities S 0 Total liabilities Equity Total equity Total liabilities and equity Total assets Balance Sheet Year 2 > Balance Sheet Balance Sheet Year 1 Year 2 Prepare the balance sheet for the business as of December 31 for Year 2. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. NETTLE DISTRIBUTION Balance Sheet December 31, Year 2 Assets Liabilities $ 0 Total liabilities Equity Total equity of Total liabilities and equity Total assets $ 0