Requlred Informetlon [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 2816 2817 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable $51,884 $ 9, 387 27,729 21,748 3, 284 134,271 143,824 61,542 8 175,153 43,787 72,98e 36,156 e 118,868 4, 374 52,542 payable Requlrec: 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 Assets Liabilities Equity Total equity Total liabilities and equity Total assets DISTRIBUTION Balance Sheet December 31, 2017 Assets Liabilities Total labilities Equity Total equity Total liabilities and equity Total assets