Required information Problem 2-5A (Algo) Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO A2, P1 [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 23,954 3,530 157,591 Year 1 Year 2 $ 56,287 $ 11,172 30,553 Office supplies 4,820 Office equipment 147,947 Trucks 57,893 66,893 Building 0 192,993 Land 0 48,159 Accounts payable 80,325 39,839 Note payable 8 141,152