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Ces [The following information applies to the questions displayed below.] The following information for the year ended December 31, 2021, was reported by Nice
Ces [The following information applies to the questions displayed below.] The following information for the year ended December 31, 2021, was reported by Nice Bite, Incorporated Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable $ 48,000 25,800 99,400 86,000 155,000 0 139,700 10,400 29,800 17,500 26,900 Office Expense 14,600 Prepaid Rent 7,300 Retained Earnings (beginning) 7,800 Salaries and Wages Expense 36,000 Service Revenue 143,800 Utilities Expense 25,400 Salaries and Wages Payable 11,000 Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for incone taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees, Cash received from customers Required: $ 24,000 26,900 11,300 55,400 86,800 143,000 1-a. What amount of total assets have been financed by the creditors and by the stockholders? 1-b. Did Nice Bite rely more on creditors or stockholders for its financing at December 31, 20217 1-c. What is your information source?
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