prepare a statement of retained earnings for 2016

Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements (LO 1-2, LO 1-3) The following formation applies to the questions displayed below.) The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. $ 53,000 39,800 108.900 93.000 149,00 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 Notes Payable Prepaid hent office Expense Retained Earnings (beginning Salaries and hopes Expense Service Revenue Utilities Expense Salaries and Wages Payable 144,70 10.900 10.300 Inventory 10,000 30,900 . 7,800 15,100 36,500 153,000 10.30 25,00 16.000 Other cash flow information Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxe Cash paid to purchase long-tern assets Cash received from customers Cash paid to suppliers and ceptyees $ 29,000 32,00 11,500 60.400 92,600 153,000 PA1-3 Part 2 2. Prepare a statement of retained earnings for 2016 NICE BITE INC tment of Retained Earn Retained Eamings, Jay 1, 2016 Raw Fm 11 in