The accounting records of nettle distribution show the following assets and liabilities as of december 31, 2014 and 2015. december 3120142015 cash$ 64,300$ 15,640 accounts receivable26,240 19,390 office supplies3,160 1,960 office equipment44,000 44,000 trucks148,000 157,000 building0 80,000 land0 60,000 accounts payable3,500 33,500 note payable0 40,000 late in december 2015, the business purchased a small office building and land for $140,000. it paid $100,000 cash toward the purchase and a $40,000 note payable was signed for the balance. mr. nettle had to invest $35,000 cash in the business to enable it to pay the $100,000 cash. mr. nettle withdraws $3,000 cash per month for personal use. required: 1.prepare balance sheets for the business as of december 31, 2014 and 2015. (hint: report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.)nettle distributionbalance sheetdecember 31, 2014assetsliabilitiescash$64,300acc ounts payable$3,500accounts receivable26,240office equipment44,000trucks148,000equityt otal equity282,200total assets$282,540total liabilities and equity$285,700nettle distributionbalance sheetdecember 31, 2015assetsliabilitiescash$15,640acc ounts payable$33,500accounts receivable19,390note payable40,000office supplies1,960office equipment44,000trucks157,000total liabilities73,500building80,000equi tyland60,000total equity304,490total assets$377,990total liabilities and equity$377, show how you calculate this so i can have a clear understanding of how to arrive at the answers. equity, december 31, 2014add: owner's investment35,000add: net income35,000less: owner withdrawalsequity, december 31, 2015$35,000