Requd information [The following information applies to the questions displayed below.] The accenting 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 21,176 3,121 139,316 Year 1 Year 2 $ 49,760 $8,832 27,010 4,261 Office equipment 130,790 Trucks 51,179 60,179 Building 0 170,612 Land 42,575 Accounts payable Note payable 71,010 35,219 113, 187 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. Required information [The following information applies to the questions displayed below.] The accounting records of N..de Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Year 1 $ 49,760 27,010 4,261 Year 2 $ 8,832 21,176. 3,121 139,316 Office equipment 130,790 Trucks 51,179 60,179 Building 0 170,612 Land 0 42,575 Accounts payable Note payable 71,010 0 35,219 113, 187 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $36,000 additional cash in the business in exchange for common stock, and the company paid a $44,400 cash dividend. CH 2 #16 3 Part 3 of 3 oints Content Saved Question 3 CH2-Connect Help Save & Ex Required information The following informatic 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 Year 1 $ 49,760 27,010 4,261 Year 2 $ 8,832 21,176 3,121 139,316 Office equipment 130,790 eBook Trucks 51,179 60,179 Building Land 0 170,612 0 42,575 Accounts payable 71,010 35,219 References Note payable 113,187 3. Compute the Year 2 year-end debt ratio. Numerator Debt Ratio Denominator Debt Ratio Chec