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, 2018 and 2019.

December 31	2018			2019
Cash	$	52,976		$	9,985
Accounts receivable		28,756			22,545
Office supplies		4,536			3,322
Office equipment		139,244			148,321
Trucks		54,488			63,488
Building		0			181,640
Land		0			45,327
Accounts payable		75,600			37,496
Note payable		0			126,967

Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.