Required information [The following information applies to the questions displayed below] The accounting records of Nettie Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. 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 thot total equity equals the difference between assets and liabilities. Comptete this question by entering your answars in the tabs below. 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 neet and remember that total equity equals the difference between assets and liabilities. Complete this question by entering your answers in the tabs below. 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. Prepare balance sheets for the business as of December 31 for Year 1 and for Yeat 2 . Hint: Report only total equity on the balance heet and remember that total equity equals the difference between assets and liabilities. Complete this question by entering your answers in the tabs below. Prepate 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 liablities