[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 for Year 1 and Year 2.

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 for Year 1 and Year 2 December 31 Year 1 Year 2 Cash $ 45,976 $ 7,476 Accounts receivable 24,956 19,566 Office supplies 3,937 2,883 office equipment 120,844 128,722 Trucks 47,287 56,287 Building 8 157,638 Land 39,337 Accounts payable 65,610 32,541 Note payable 96, 975 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 liabilities. Complete this question by entering your answers in the tabs below. Balance Sheet Balance Sheet Yea 1 Year 2 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. NETTLE DISTRIBUTION Balance Sheet