Problem $2-5$A $($Algo$)$ Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO A$2,$ P$1$

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The accounting records of Nettle Distribution show the following assets and liabilities as of December $31$ for Year $1$ and Year $2.$

$\backslash$table$[[$December $31,$Year $1,$Year $2],[$Cash$,$$$45,597,$$$7,341$