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 s 46,070 7,51 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 25,007 19,606 2,889 121,093 128,987 47,385 56,385 157,962 0 39,418 65,74532,608 97,380 3,945 Required 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hlint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.) NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities equired: . Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hint: Report only total equity on the balance sheet and emember that total equity equals the difference between assets and liablities) NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total liabilities and equity olal assots Part 1 of 3 points NETTLE DISTRIBUTION Balance Sheet December 31, 2017 eBook Ask Print Reterences Assets Total iabilties Equity Total liabilbes and equity Total assets