2) Saved Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1 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. $ 65,000 42,800 145,900 124,000 145,000 Accounts Payable Accounts Receivable Cash (balance on January 1, 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 156,700 12,100 31,500 19,200 44,300 9,000 16,300 16,300 37,700 177,800 27,100 28,000 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 $ 41,000 47,300 13,000 72,400 107,200 177,000 1 Part 2) Saved Check my work mode : This shows what is correct or incorrect for the work you have come Required information > NIUE DIIS, I. Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows from Operating Activities Cash Received From Customers s 177,000 Cash Paid to Suppliers and Employees (107,200) Cash Paid for Income Taxes (12,100) $ 57,700 72,400 (72,400) Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Received From Sale of Long-Term Assets Cash Paid to Purchase Long-Term Assets Cash Used in Investing Activities Cash Flows from Financing Activities Cash from Issuing Common Stock Cash Paid to Reacquire Common Stock 41,000 47,300 $ Cash Provided by Financing Activities Increase in Cash Cash at January 1, 2016 Cash at December 31, 2016 88,300 146,000 145,000 291,000 $ Sun