The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable Year 1 $ 52,503 28,499 4,496 138,001 54,001 0 74,925 Year 2 $ 9,816 22,344 3,293 146,997 63,001 180,018 44,921 37,161 124,939 Required: 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 total equity equals the difference between assets and abilities.