DAY Required information {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. $ 65,828 42,90 145,90 124, 345,200 156. 10 33, see 19.20 4, 9.6 9 16,30 22, Accounts Payable Accounts Receivable Cash (balance on January 1, 2815) Cash (balance on December 31, 2015) Equipment Income Tax e Interest te Inventory Notes Wyatt Prepaid Rent Office Expanse Retained Earnings beginning) Salaries and ages Expense Service Reno utilities Expense Salaries and Wages Payable 25, 37,700 177,600 27.100 28,8 Other cash flow Infuration: 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 places Cash received from customers $41,80 47,380 13. 72,400 197,200 177.00 Required: 1. Prepare an income statement for 2016 NICE BITE, INC Income Statement Required information [The following information applies to the questions displayed below.) The following information for the year endes December 31, 2016, was reported by Nice Site, Inc. $ , 145.900 124.00 345,000 156.00 12,200 Income Tax Accounts Payable Accounts Receivable Cash (balance on January 1, 2015) Cash (balance on December 31, 2016) Como Stock Dividends Equipment Interest Expense Story watas Payable Office Experise Prepaid bent Retained Earnings Channing) Salaries and ages Expertise Service Reven utilities Expose Salaries and Wages Payable 21, see 19,220 44320 9. 26,320 15. 37. 177.630 27.100 Other cash flow Lniforation Cash froe Issuing common stock Cash paid to racquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 41,800 13,00 22,4 17.20 127. 2. Prepare a statement of retained earnings for 2016 NICE BITE, INC. statement of Retained Earnings Retained Eminos January 1, 2016 Retained Eaminos December 31, 2016 $ 2015) rad Required information The following into the will be Thanger trayesinde de 2016. garted by Now Account Payable 55.000 Aeroute Recetas 43,00 Cash (almennury, 145,00 Cash (hames December 11 134,000 2016) Connon Stack 145,000 156,70 12.10 Interest Expense 13,00 Tovary 10,00 Notes 14,7 9.00 16,00 Retired Earning 36, Salaries wide Expanse 17,720 Serview 197, Utilities Salaries and a Payable 26,00 troete Pay 37.1 Other cash to intorni Cashtron i can stock Cash palete gire con Cashpal for income taxe Cash pute to purcha long- $ 47,220 4,100 tock 11,000 72,100 Cash paid to suppliers play Cash received from stars 129,220 117.900 2. Presenter 2016 NICE SITE, INC Etance Stat Required information Trawings that andas Deca 20 weer by None $ 60,000 Account Payah Avale Cash on January 1, 2016) Cash (balance December 2006) D. 134,000 145,000 156,700 32,10 11,500 TH Interest Tray 4,500 OPLE Ratid tarni Salarinda pense Service Utilities Cup Salarind pe Payable 36,00 36,1 19. 37.1 25,00 Other show into Cash on stack 11,00 Cash tragico 47,00 stock Cash pata tornata 13, Cash paid to purch lantern 72,100 Cash palate suppliers play 129,200 Cash received from custo 197,000 4. Presseranta ca 2016 Catholohould be entered negative NEBIE, INC Statements Ch Flow Color Open Sellows from AVENE Cellows from AS DAY Required information {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. $ 65,828 42,90 145,90 124, 345,200 156. 10 33, see 19.20 4, 9.6 9 16,30 22, Accounts Payable Accounts Receivable Cash (balance on January 1, 2815) Cash (balance on December 31, 2015) Equipment Income Tax e Interest te Inventory Notes Wyatt Prepaid Rent Office Expanse Retained Earnings beginning) Salaries and ages Expense Service Reno utilities Expense Salaries and Wages Payable 25, 37,700 177,600 27.100 28,8 Other cash flow Infuration: 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 places Cash received from customers $41,80 47,380 13. 72,400 197,200 177.00 Required: 1. Prepare an income statement for 2016 NICE BITE, INC Income Statement Required information [The following information applies to the questions displayed below.) The following information for the year endes December 31, 2016, was reported by Nice Site, Inc. $ , 145.900 124.00 345,000 156.00 12,200 Income Tax Accounts Payable Accounts Receivable Cash (balance on January 1, 2015) Cash (balance on December 31, 2016) Como Stock Dividends Equipment Interest Expense Story watas Payable Office Experise Prepaid bent Retained Earnings Channing) Salaries and ages Expertise Service Reven utilities Expose Salaries and Wages Payable 21, see 19,220 44320 9. 26,320 15. 37. 177.630 27.100 Other cash flow Lniforation Cash froe Issuing common stock Cash paid to racquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 41,800 13,00 22,4 17.20 127. 2. Prepare a statement of retained earnings for 2016 NICE BITE, INC. statement of Retained Earnings Retained Eminos January 1, 2016 Retained Eaminos December 31, 2016 $ 2015) rad Required information The following into the will be Thanger trayesinde de 2016. garted by Now Account Payable 55.000 Aeroute Recetas 43,00 Cash (almennury, 145,00 Cash (hames December 11 134,000 2016) Connon Stack 145,000 156,70 12.10 Interest Expense 13,00 Tovary 10,00 Notes 14,7 9.00 16,00 Retired Earning 36, Salaries wide Expanse 17,720 Serview 197, Utilities Salaries and a Payable 26,00 troete Pay 37.1 Other cash to intorni Cashtron i can stock Cash palete gire con Cashpal for income taxe Cash pute to purcha long- $ 47,220 4,100 tock 11,000 72,100 Cash paid to suppliers play Cash received from stars 129,220 117.900 2. Presenter 2016 NICE SITE, INC Etance Stat Required information Trawings that andas Deca 20 weer by None $ 60,000 Account Payah Avale Cash on January 1, 2016) Cash (balance December 2006) D. 134,000 145,000 156,700 32,10 11,500 TH Interest Tray 4,500 OPLE Ratid tarni Salarinda pense Service Utilities Cup Salarind pe Payable 36,00 36,1 19. 37.1 25,00 Other show into Cash on stack 11,00 Cash tragico 47,00 stock Cash pata tornata 13, Cash paid to purch lantern 72,100 Cash palate suppliers play 129,200 Cash received from custo 197,000 4. Presseranta ca 2016 Catholohould be entered negative NEBIE, INC Statements Ch Flow Color Open Sellows from AVENE Cellows from AS