Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, the debt ratio LO C2, A1, A2, P3 (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of Decembe December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2016 $ 48,530 26,343 4,155 127,557 49,915 0 0 69,255 0 2017 $ 8,392 20,653 3,044 135,873 58,915 166,395 41,521 34, 349 107,916 I L LA HULIVU LIL Uwe MS. Required information Balance Shoot December 31, 2016 Llabilities Assets Equity Total equity 0 Total liabilities and equity Total assets $ $ 0 NETTLE DISTRIBUTION Balance Sheet December 31, 2017 Liabilities Assets Total liabilities Equity Total equity 0 Total liabilities and equity Total assets $ $ 0