Requlred: 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 that totai equity equals the difference between assets and liablities. 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. Requlred: 1. Prepare balance shects 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 that totai equity equals the difference between assets and liabilites. Complete this question by entering your answers in the tabs below. Prepare 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 liabilities. Required informotion Problem 2.5A (Algo) Computing net income from equity analysis, preparing o balance sheet, and computing the debt ratio LO A2, P1 IThe following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and llablities as of December 31 for Year 1 and Year 2. Problem 2-5A (Algo) Part 1 Required: 1. Prepare balance sheets for the business as or December 31 for Year 1 and for Year 2 Hint Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. Complete this question by entering your answers in the tabs below