Looks quite complete. This was made for 3 years (1950, 1951, 1952), not two years. Also, not the last of the flat fenders.
https://boise.craigslist.org/cto/d/m38-jeep-1952/6706150121.html
“This a military M38 Jeep. Only made for 2 years. The last and best of the flat fenders. Converted to 12 volt. Has lots of extra parts and goodies. Has a full winter cab and heater.”