Chapter $1-$Practice Homework $($i$)$

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Part $2$ of $6$

eBook

References

The following information for the year ended December $31,2021,$ wras 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

Office Expense

Prepaid Rent

Retained Earnings $($beginning$)$

Salaries and Wages Expense

Service Revenue

Utilities Expense

Salaries and Wages Payable

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

$84,000$

$22,800$

$103,500$

$102,800$

$180,500$

$0$

$136,700$

$10,100$

$29,500$

$17,200$

$23,600$

$14,300$

$7,000$

$6,300$

$35,700$

$137,800$

$25,100$

$8,000$

$$21,000$

$23,500$

$11,000$

$41,000$

$83,200$

$197,000$

$2.$ Prepare a statement of retained earnings for $2021.$

$\backslash$table$[[$NICE BITE, Incorporated,$],[$Statement of Retained Earnings,$],[,],[$Retained Earnings, January $1,2021,],[,],[$Retained Earnings, December $31,2021,]]$