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	$	51,084		$	9,307
Accounts receivable		27,729			21,740
Office supplies		4,374			3,204
Office equipment		134,271			143,024
Trucks		52,542			61,542
Building		0			175,153
Land		0			43,707
Accounts payable		72,900			36,156
Note payable		0			118,860

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.