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 312016 017 Cash Accounts 64,300 15,640 19,100 3,160 1,960 26, 240 receivable office supplies Office equipment Trucks Building Land Accounts payable Mote payable 44,000 44,000 148,000 157,000 0 80,000 0 60,000 3, 500 33, 500 0 40,000 nces Required: 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 lisbilities.) NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Totsi equty Total assels Total iabilities and eauitv Prev 4 56or6 Next>