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2 Check my work Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3) [The following information applies to the questions displayed below. The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc Accounts Payable Accounts Receivable Cash (balance on January1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable 61,000 38,800 125,900 106,000 138,500 152,700 11,700 31,100 18,800 40,000 8,600 15,900 14,300 37,300 169,800 26,700 24,000 Other cash flow information Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers 37,000 42,500 12,600 68,400 102,400 169,000