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Required Information Problem 2-5A (Algo) Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO A2, P1 {The following information applies to the questions displayed below) The accounting records of Nettle Distribution show the following assets and stabilities as of December 31 for Year 1 and Year 2 December 31 Cash Accounts receivable Office Supplies Office equipsent Trucks Building Land Accounts payable Note payable Year 1 $ 42,948 23,333 3,677 112,887 44,275 Year 2 55,392 18,277 2,694 120, 246 53,125 147,258 36,746 20,98 84,804 61,290 Problem 2-5A (Algo) Part 1 Required: 1. Prepare balance sheets for the business as of December 31 for Year and for Year 2 Hin Report only total equity on the balance sheet and remember that total equity equals the difference between assets and abilities