Homework: Accounting for Business Transactions Problems Assignment 0 Saved 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 \"\"1 [\"3 Cash 1. 54,773 3; 19,629 _ Accounts receivable 29,732 23,310 Office supplies 4,698 3,435 Office equipment 143,963 153,353 3.12 Trucks 55,337 65,337 points Building a 187,303 Land 2: 46,364 Accounts payable 78,165 38,768 Mote payable B 134,657 eBook _ Required: if! 1. Prepare balance sheets forthe business as of December 31 for Year 1 and for Year 2. Hint: Report only total equity on the balance Print sheet and remember that total equity equals the difference between assets and liabilities. Refces Complete this question by entering your answers in the labs below. Balance Sheet Balance Sheet Year 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. Liabilities Total assets Total liabilities and equity Complete this question by entering your answers in the labs below. Balance Sheet Balance Sheet Year 1 Yeah 2 Prepare the balance sheet for the business as of December 31 for Year 2. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. Total liabilities Equity Total equity