! Required information [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, 2016 and 2017 December 31 2016 2017 $ 44,178 Cash 6,832 Accounts receivable 23,980 18,801 office supplies Office equipment 3,783 2,771 123,689 116,120 Trucks 45,439 54,439 151,475 37,799 31,269 89,274 Building Land 0 Accounts payable Note payable 63,045 Required: 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.) NETTLE DISTRI BUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total liabilities and equity Total assets NETTLE DISTRIBUTION Balance Sheet December 31, 2017 Assets Liabilities Total liabilities Equity Total equity Total liabilities and equity Total assets