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 Cash Accounts receivable office supplies Office equipment Trucks Building Land Accounts payable Note payable 2016 $ 53,449 29,013 4,577 140,487 54,974 0 0 76,275 0 2017 $ 10,155 22,746 3,352 149,646 63,974 183,262 45,731 37,830 120,993 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 DISTRIBUTION Balance Sheet December 31, 2016 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 DISTRIBUTION Balance Sheet December 31, 2016 Liabilities Assets Equity Total equity Total liabilities and equity Total assets NETTLE DISTRIBUTION 78 of 10 Next > Required information NETTLE DISTRIBUTION Balance Sheet December 31, 2017 Liabilities Assets Total liabilities Equity Total equity Total liabilities and equity Total assets